Bank to Pay Checks Drawn on It at Par.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. Organization and Operation of Banks.
  5. Bank to Pay Checks Drawn on It at Par.

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Section 5-5A-33

Bank to pay checks drawn on it at par.

Any bank shall pay all checks drawn on it and transmitted in a cash letter at par and shall make no charge for the payment of such checks the first time presented to it for payment.

(Acts 1980, No. 80-658, §5-5-33.)


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