Alabama § 8-5-1 - Action on Instrument Issued to Circulate as Money Without Authority; Interest on Same.
Full text of Alabama Code of Alabama § 8-5-1 — Action on Instrument Issued to Circulate as Money Without Authority; Interest on Same., with citation guidance and answers to common questions.
§ 8-5-1. Action on Instrument Issued to Circulate as Money Without Authority; Interest on Same.
Every bill of exchange, note, bond, or instrument of any description, whatever may be its form or device, issued with the intent to circulate as money without authority of law, is an absolute, unconditional promise of the association or person putting such bill, note, or other instrument in circulation, and may be sued on by the holder thereof without transfer or assignment and without demand, protest, or notice and the amount thereof recovered with interest thereon at the rate of 50 percent per annum from the date thereof or from the time the same was put in circulation.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 8-5-1
What does Code of Alabama § 8-5-1 cover?
Section 8-5-1 ("Action on Instrument Issued to Circulate as Money Without Authority; Interest on Same.") 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 § 8-5-1?
A common citation format is "Code of Alabama § 8-5-1" (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 § 8-5-1 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.