For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Restrictions on Engaging in Banking Business.

Ala. Code § 5-1A-4
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
5-1A-4. Restrictions on Engaging in Banking Business. No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state. (Acts 1980, No. 80-658, §5-1-4.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#5-1A-4Fetched: 10/20/2026

Starting a business in Alabama? Alabama LLC guide: costs and requirements