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AL SB130
Bill
AI Summary
- Recognizes refined gold and silver bullion, specie, or coins stamped with weight and purity as legal tender in Alabama.
- No person is required to offer or accept such precious metals as legal tender for payment of debts, deposits, or other purposes.
- No liability incurs for refusing to offer or accept gold and silver legal tender, except as required by contract or other law.
- Becomes effective October 1, 2025.
Legislative Description
Financial Institutions and Businesses; authorizes gold and silver bullion and coins as legal tender
Businesses & Financial Institutions
Last Action
Enacted
4/14/2025
Committee Referrals
Financial Services3/4/2025
Banking and Insurance2/6/2025
Full Bill Text
No bill text available