Section 8-7-4


Published: 2015

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Section 8-7-4

Section 8-7-4License - Exemptions.

(a) Nothing in this chapter shall apply to the sale or issuance or dispensing of checks or the receiving of money as agent for obligors for the purpose of paying such obligors' bills, invoices, or accounts by:



(1) Banks, trust companies, and savings and loan associations organized under the laws of this state or of the United States;



(2) The government of the United States or any department or agency thereof; or



(3) The State of Alabama or any municipal corporation, county, or other political subdivision of this state.



(b) Neither shall this chapter apply to the receipt of money by an incorporated telegraph company or any agent thereof for immediate transmission by telegraph.

(Acts 1961, Ex. Sess., No. 177, p. 2142, §4.)