Capital - Minimum Amount Required for Incorporation of Bank.
Ala. Code § 5-5A-14
in effect5-5A-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.
(Acts 1980, No. 80-658, §5-5-14.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#5-5A-14Fetched: 10/20/2026