Without qualifying any other statutory right to set-off or lien and subject to any contractual provision between a party and a financial institution, if any party is indebted to a financial institution, the financial institution has a right to set-off against the entire amount of the account without regard to the net contribution of the parties to the account.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 24 - Uniform Multiple-Person Accounts Act.
Article 3 - Protection of Financial Institutions.
Section 5-24-21 - Authority of Financial Institution.
Section 5-24-22 - Payment on Multiple-Party Account.
Section 5-24-23 - Payment on Pod Designation.
Section 5-24-24 - Payment to Designated Agent.