No bank nor any surety or guarantor of any bank shall suffer any penalty or liability for damages or increase of liability or be in default, nor shall any maker, endorser, guarantor or other party or person be released from liability or obligation or be in default by reason of a bank's compliance with any action of any state official authorized or ratified by this chapter or compliance with any act of Congress of the United States now or hereafter enacted or with any rule or regulation promulgated by duly constituted officials of the United States.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 10A - Banking Emergencies and Compliance With Federal Laws.
Section 5-10A-2 - Promulgation of Rules and Regulations; Requirements of Reports, etc., Generally.
Section 5-10A-3 - Declaration of Banking Holidays; Promulgation of Emergency Rules or Regulations.
Section 5-10A-4 - Extension, etc., of Banking Holiday or Emergency Rules or Regulations.
Section 5-10A-6 - Operation of Banks Under Federal Laws.
Section 5-10A-7 - Payment of Expenses of Bank Operating Without Receivership Liquidation.
Section 5-10A-9 - Segregation of Assets - Manners of Segregation.
Section 5-10A-10 - Segregation of Assets - Commingling of Items in Classes of Deposits.
Section 5-10A-11 - Segregation of Assets - Adjustments; Identification of Segregated Items.
Section 5-10A-16 - Compliance With Chapter, Federal Laws, etc., Not to Entail Liability.