All banks now or hereafter operating under the laws of this state shall be members of the Federal Deposit Insurance Corporation or such other agency as may be created to insure the deposits of such bank.
Ala. Code § 5-5A-12
Membership in Federal Deposit Insurance Corporation, Etc.
(Acts 1980, No. 80-658, §5-5-12.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.