Alabama § 5-10A-12 - Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency.
Full text of Alabama Code of Alabama § 5-10A-12 — Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency., with citation guidance and answers to common questions.
§ 5-10A-12. Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency.
Any deposit of script, clearinghouse certificates or emergency currency in any form or of any order on any such deposit shall be dischargeable in whole or in part either in kind or in legal tender of the United States of a value no greater than the current exchange value of the script, clearinghouse certificates or emergency currency originally deposited at the time of the payment at the option of the bank accepting such deposit. Any other deposit shall be dischargeable when and as entitled to payment thereof or on account thereof only in legal tender of the United States as fixed by the laws of the United States in force and effect at the time of payment thereof or of payment on account thereof.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-10A-12
What does Code of Alabama § 5-10A-12 cover?
Section 5-10A-12 ("Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency.") 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-12?
A common citation format is "Code of Alabama § 5-10A-12" (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-12 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.