Repeal of Section 250

Alabama Constitution (January 1901)

Ala. Const. amend. 5 - 5
Permanent Link: http://vlex.com/vid/299260

Id. vLex: VLEX-299260

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Text:

That the Constitution of Alabama be and the same is hereby amended by repealing and striking out of the Constitution section 250 of article 13 of the Constitution which section is as follows: "Holders of bank notes, and depositors, who have not stipulated for interest, shall, for such notes and deposits, be entitled in case of insolvency, to preference of payment over all other creditors, provided this section shall apply to all banks, whether incorporated or not."

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