Alabama § 5-5A-14 - Capital - Minimum Amount Required for Incorporation of Bank.
Full text of Alabama Code of Alabama § 5-5A-14 — Capital - Minimum Amount Required for Incorporation of Bank., with citation guidance and answers to common questions.
§ 5-5A-14. Capital - Minimum Amount Required for Incorporation of Bank.
(a) No bank hereafter organized under the laws of Alabama shall have total initial capital accounts actually paid in of less than $800,000.00.
(b) The superintendent may require a higher amount of capital accounts and where the bank will have no significance except as a means of acquiring the assets or the voting shares of an existing bank, the superintendent may require a lesser amount of capital accounts.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-5A-14
What does Code of Alabama § 5-5A-14 cover?
Section 5-5A-14 ("Capital - Minimum Amount Required for Incorporation of Bank.") 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 § 5-5A-14?
A common citation format is "Code of Alabama § 5-5A-14" (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 § 5-5A-14 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.