The Judicial Inquiry Commission has considered your request for an opinion based on
the following facts:

“An Alabama business corporation (a Section 1244 Corporation) has
stockholders consisting of such directors of a national bank as choose to
participate, the auditor for the bank, and the attorney for the bank. This attorney
regularly practices before the Circuit Judge who has recently become a member
of the Board of Directors of the bank. May the judge become a stockholder in
this business corporation without violating the Canons of Judicial Ethics?”