Alabama § 5-5A-45 - Initiation of Run on Banks, Etc.
Full text of Alabama Code of Alabama § 5-5A-45 — Initiation of Run on Banks, Etc., with citation guidance and answers to common questions.
§ 5-5A-45. Initiation of Run on Banks, Etc.
Any person or persons whose business it is, either as individuals, agents or officers of banks, to receive checks, drafts and demands, when the same are not entitled to days of grace, upon any bank, and who receives the same, for collection and retains the same for an unreasonable time, without making known to the drawee bank that such collections and demands are held for collection, in order to accumulate a large amount for the purpose of starting what is commonly called a “run” on such bank, or for the purpose of embarrassing such drawee bank shall be guilty of a misdemeanor.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-5A-45
What does Code of Alabama § 5-5A-45 cover?
Section 5-5A-45 ("Initiation of Run on Banks, Etc.") 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-45?
A common citation format is "Code of Alabama § 5-5A-45" (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-45 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.