Section 10A-20-7.17 Deposit of Funds in Designated Depository.

The corporation may not deposit its funds in a banking institution unless that institution has been designated as a depository by the required board vote, and it may not receive money on deposit.

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Jurisdiction: United States — Alabama
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

banking corporate governance

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Section 10A-20-7.17 Deposit of Funds in Designated Depository.

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