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Section 5-5a-36 Notice Upon Maturity Of Certificate Of Deposit Issued For More Than 90 Days.

Section 5-5A-36

Notice upon maturity of certificate of deposit issued for more than 90 days.

In the case of certificates of deposit issued for more than 90 days which are automatically renewable, a bank shall send within a reasonable period, but in no event less than five days before the next maturity, a written notice to the last known address of record.

(Acts 1980, No. 80-658, §5-5-36.)

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Local Government
Alabama
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Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

Keywords
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