A licensee under this chapter shall maintain a net worth of at least twenty-five thousand dollars ($25,000) determined in accordance with generally accepted accounting principles.
Ala. Code § 8-7A-10
Net Worth.
Known as the Alabama Monetary Transmission Act
The act spans §§ 8–8 (27 sections).
(Act 2017-389, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.