Alabama § 40-22-3 - Tax on Mortgages Not Applicable to Any Bank Unless Applicable to All.
Full text of Alabama Code of Alabama § 40-22-3 — Tax on Mortgages Not Applicable to Any Bank Unless Applicable to All., with citation guidance and answers to common questions.
§ 40-22-3. Tax on Mortgages Not Applicable to Any Bank Unless Applicable to All.
The term “bank” as used in this section shall be held to mean a corporation holding a charter issued by the Comptroller of the United States or the banking authorities of the State of Alabama and duly authorized to receive funds on deposit, to be repaid on demand, and to carry on the general business of banking and subject to all the laws of the state applicable to corporations carrying on the business of banking.
No tax as levied by the state in the recording of mortgages of whatever kind filed for record in the probate court in any county in the state shall be levied upon or collected from any bank in this state unless the said tax shall be applicable to and collected from all banks and banking institutions doing business in the State of Alabama.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-22-3
What does Code of Alabama § 40-22-3 cover?
Section 40-22-3 ("Tax on Mortgages Not Applicable to Any Bank Unless Applicable to All.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 40-22-3?
A common citation format is "Code of Alabama § 40-22-3" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 40-22-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.