PocketLaw | Code Of Alabama | Organization and Operation of Banks.

Organization and Operation of Banks.

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Procedure for Incorporation - Application for Permit.

Procedure for Incorporation - Notice of Intention to Incorporate.

Procedure for Incorporation - Affidavit of Proposed Incorporators; Affidavit of Proposed Stockholders; Submission of Proposed Certificate of Incorporation; Disclosure to Stockholders.

Procedure for Incorporation - Investigation as to Fitness of Stockholders and Executive Officers and Necessity for Banks.

Procedure for Incorporation - Filing of Objections to Incorporation of Proposed Bank; Investigation of Objections.

Procedure for Incorporation - Certificate of Superintendent of Banks Authorizing Filing of Certificate of Incorporation.

Procedure for Incorporation - Filing and Recordation of Certificate of Incorporation.

Procedure for Incorporation - Refusal to Permit Incorporation; Appeal From Refusal to Banking Board.

Procedure for Incorporation - Judicial Review.

Section
5-5A-10

Permit to Transact Business - Required.

Section
5-5A-11

Permit to Transact Business - Examination; Issuance and Recordation of Permit.

Section
5-5A-12

Membership in Federal Deposit Insurance Corporation, Etc.

Section
5-5A-13

Filing Fee; Other Fees.

Section
5-5A-14

Capital - Minimum Amount Required for Incorporation of Bank.

Section
5-5A-15

Capital - Increase or Decrease.

Section
5-5A-16

Issuance of Capital Notes and Debentures.

Section
5-5A-17

Amendment of Certificate of Incorporation; Approval of Amended Certificate of Incorporation.

Section
5-5A-18

Powers of Banks Generally.

Section
5-5A-18.1

Banks and Trust Companies to Have Power of Federally Chartered or Regulated Financial Institution.

Section
5-5A-19

Reserves.

Section
5-5A-20

Branch Banks; Commercial Affiliates.

Section
5-5A-21

Surplus; Restriction on Dividends.

Section
5-5A-22

Limits of Indebtedness.

Section
5-5A-23

Investments and Loans With Respect to Housing.

Section
5-5A-25

Acceptance of Drafts or Bills of Exchange Arising From Transactions Involving Shipment of Goods - Authority.

Section
5-5A-26

Acceptance of Drafts or Bills of Exchange Arising From Transactions Involving Shipment of Goods - Limitations.

Section
5-5A-27

Loans Secured by Own Stock; Purchase of Own Stock; Ownership of Capital Stock of Other Banks.

Section
5-5A-28

Pledge of Assets.

Section
5-5A-29

Security Not Required When Deposits Insured.

Section
5-5A-30

Transactions of Business on Legal Holidays; Use of Automated Teller Machine or Other Instrumentality, Transaction Fees, Disclosure; Limitation on Contractual Fee Restrictions, Intent of Limitation, Applicability.

Section
5-5A-31

Liability for Transactions on Legal Holidays.

Section
5-5A-32

Closing of Banks, etc., Permitted on One Business Day of Each Week.

Section
5-5A-33

Bank to Pay Checks Drawn on It at Par.

Section
5-5A-35

Agreements Between Principal and Sureties on Bond for Deposit of Money and Assets in Bank, Etc.

Section
5-5A-36

Notice Upon Maturity of Certificate of Deposit Issued for More Than 90 Days.

Section
5-5A-37

Rights of Minors.

Section
5-5A-38

Disposition of Small Deposits of Deceased Person - to Whom Payable; When Bond Required.

Section
5-5A-39

Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited.

Section
5-5A-40

Disposition of Deposit in Trust for Another Upon Death of Trustee.

Section
5-5A-41

Payment of Deposits Made in Names of Two Persons Upon Death of One; More Than Two Persons With Provision for Survivorship.

Section
5-5A-42

Adverse Claims to Deposits.

Section
5-5A-43

Disclosure of Customer Financial Records.

Section
5-5A-44

Acquisition of Majority of Voting Shares of a Bank; Procedure.

Section
5-5A-45

Initiation of Run on Banks, Etc.

Section
5-5A-46

False, etc., Statements, etc., Affecting Financial Standing of Bank.

Section
5-5A-47

Liability of Directors or Officers; Enforcement Powers of Superintendent.