Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can you summarize ALCA 5-5A-33?

ORGANIZATION AND OPERATION OF BANKS. > Bank to pay checks drawn on it at par.

Short Summary

Any bank shall pay all checks drawn on it and transmitted in a cash letter at par and shall make no charge for the payment of such checks the first time presented to it for payment. (Acts 1980, No. 80-658, 5-5-33.)

Jurisdiction

Alabama

Source
ALCA 5-5A-33 [https://reggi.cloud.regology.com/regulations/US-ALCA/US-ALCA_T_5_C_5A_S_33]