Section 5-24-27 Set-off. - Alabama Statutes

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Section 5-24-27

Set-off.

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.

(Acts 1997, No. 97-644, p. 1177, §1.)

State Codes and Statutes

Statutes > Alabama > Title5 > Chapter24 > 5-24-27

Section 5-24-27

Set-off.

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.

(Acts 1997, No. 97-644, p. 1177, §1.)

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State Codes and Statutes

Statutes > Alabama > Title5 > Chapter24 > 5-24-27

Section 5-24-27

Set-off.

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.

(Acts 1997, No. 97-644, p. 1177, §1.)