Banks May Merge or Consolidate; Transfer of Place of Business.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. Bank Merger, Consolidation, or Conversion.
  5. Consolidation, Merger or Transfer of State Banks.
  6. Banks May Merge or Consolidate; Transfer of Place of Business.

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Section 5-7A-1

Banks may merge or consolidate; transfer of place of business.

Any bank may consolidate or merge with or transfer its assets and liabilities to another bank and any bank may move its office or place of business from one city or town to another city or town within the state.

(Acts 1980, No. 80-658, §5-7-1.)


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