SB130 Alabama 2025 Session

Summary

Primary Sponsor

Tim MelsonSenator

Republican

Session

2025 Regular Session

Title

Financial Institutions and Businesses; authorizes gold and silver bullion and coins as legal tender

Summary

Alabama would recognize refined gold and silver bullion, specie, and certain coins stamped with weight and purity as legal tender, but acceptance would be voluntary.

What This Bill Does

If enacted, the bill would allow refined gold/silver bullion, specie, or coins stamped with weight and purity to be considered legal tender in Alabama. However, no one would be required to offer or accept this legal tender for debts or other payments, and there would be no liability for refusing, unless a contract or other law specifies otherwise. The act takes effect on October 1, 2025.

Who It Affects

• Individuals who own refined gold or silver bullion, specie, or stamped coins: these items could be treated as legal tender, but acceptance remains voluntary in private transactions.
• Businesses, merchants, financial institutions, and consumers involved in payments: they would not be required to accept such legal tender; acceptance or use would depend on contracts or other applicable law.

Key Provisions

• Any refined gold or silver bullion, specie, or coin stamped with weight and purity shall be recognized as legal tender in Alabama.
• No person shall be required to offer or accept such legal tender for payment, nor incur liability for refusing, except as provided by contract or law.
• This act becomes effective October 1, 2025.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Businesses & Financial Institutions