Alabama § 5-10A-11 - Segregation of Assets - Adjustments; Identification of Segregated Items.
Full text of Alabama Code of Alabama § 5-10A-11 — Segregation of Assets - Adjustments; Identification of Segregated Items., with citation guidance and answers to common questions.
§ 5-10A-11. Segregation of Assets - Adjustments; Identification of Segregated Items.
Whenever any bank is required to segregate particular assets under any rule or regulation promulgated or extended or modified under this chapter, it shall accomplish such segregation as promptly as reasonably possible and shall at and as of the close of business on each banking day adjust such segregation to the additions thereto and withdrawals therefrom in accordance with rules and regulations promulgated, extended or modified from time to time under this chapter. Transfer orders as of the close of business each banking day shall be sufficient for the purposes of any such segregation or adjustment thereof. Any segregation made in accordance with the provisions of this chapter or in accordance with any rule or regulation promulgated, extended or modified under this chapter shall be sufficient identification of the items included in such segregation for all purposes.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-10A-11
What does Code of Alabama § 5-10A-11 cover?
Section 5-10A-11 ("Segregation of Assets - Adjustments; Identification of Segregated Items.") 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 § 5-10A-11?
A common citation format is "Code of Alabama § 5-10A-11" (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 § 5-10A-11 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.