Ala. Code § 35-4-25
An acknowledgement or proof of any deed, mortgage, or other conveyance to or by a corporation, national banking association, building and loan association, savings and loan association, or credit union at any time taken by an officer authorized by law to cake acknowledgements and proofs of conveyances and at that time owning or holding not more than one percent of the total issued and outstanding capital stock of such corporation, nation banking association, building and loan association, savings and loan association, or credit union, and not then holding any office in said corporation, national banking association, building and loan association, or credit union shall have the same effect as if such officer did not hold or own any of such stock.
Ala. Code § 35-4-25 (1975)