Ala. Code § 5-5A et seq. – Organization and Operation of Banks | Midpage

Collections
Code of Alabama

Chapter 5A

Ala. Code § 5-5A et seq.

Organization and Operation of Banks

5-5A-1Procedure for Incorporation - Application for Permit.5-5A-2Procedure for Incorporation - Notice of Intention to Incorporate.5-5A-3Procedure for Incorporation - Affidavit of Proposed Incorporators; Affidavit of Proposed Stockholders; Submission of Proposed Certificate of Incorporation; Disclosure to Stockholders.5-5A-4Procedure for Incorporation - Investigation as to Fitness of Stockholders and Executive Officers and Necessity for Banks.5-5A-5Procedure for Incorporation - Filing of Objections to Incorporation of Proposed Bank; Investigation of Objections.5-5A-6Procedure for Incorporation - Certificate of Superintendent of Banks Authorizing Filing of Certificate of Incorporation.5-5A-7Procedure for Incorporation - Filing and Recordation of Certificate of Incorporation.5-5A-8Procedure for Incorporation - Refusal to Permit Incorporation; Appeal from Refusal to Banking Board.5-5A-9Procedure for Incorporation - Judicial Review.5-5A-10Permit to Transact Business - Required.5-5A-11Permit to Transact Business - Examination; Issuance and Recordation of Permit.5-5A-12Membership in Federal Deposit Insurance Corporation, Etc.5-5A-13Filing Fee; Other Fees.5-5A-14Capital - Minimum Amount Required for Incorporation of Bank.5-5A-15Capital - Increase or Decrease.5-5A-16Issuance of Capital Notes and Debentures.5-5A-17Amendment of Certificate of Incorporation; Approval of Amended Certificate of Incorporation.5-5A-18Powers of Banks Generally.5-5A-18.1Banks and Trust Companies to Have Power of Federally Chartered or Regulated Financial Institution.5-5A-19Reserves.5-5A-20Branch Banks; Commercial Affiliates.5-5A-21Surplus; Restriction on Dividends.5-5A-22Limits of Indebtedness.5-5A-23Investments and Loans with Respect to Housing.5-5A-25Acceptance of Drafts or Bills of Exchange Arising from Transactions Involving Shipment of Goods - Authority.5-5A-26Acceptance of Drafts or Bills of Exchange Arising from Transactions Involving Shipment of Goods - Limitations.5-5A-27Loans Secured by Own Stock; Purchase of Own Stock; Ownership of Capital Stock of Other Banks.5-5A-28Pledge of Assets.5-5A-29Security Not Required When Deposits Insured.5-5A-30Transactions 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.5-5A-31Liability for Transactions on Legal Holidays.5-5A-32Closing of Banks, Etc., Permitted on One Business Day of Each Week.5-5A-33Bank to Pay Checks Drawn on It at Par.5-5A-35Agreements Between Principal and Sureties on Bond for Deposit of Money and Assets in Bank, Etc.5-5A-36Notice Upon Maturity of Certificate of Deposit Issued for More Than 90 Days.5-5A-37Rights of Minors.5-5A-38Disposition of Small Deposits of Deceased Person - to Whom Payable; When Bond Required.5-5A-39Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited.5-5A-40Disposition of Deposit in Trust for Another Upon Death of Trustee.5-5A-41Payment of Deposits Made in Names of Two Persons Upon Death of One; More Than Two Persons with Provision for Survivorship.5-5A-42Adverse Claims to Deposits.5-5A-43Disclosure of Customer Financial Records.5-5A-44Acquisition of Majority of Voting Shares of a Bank; Procedure.5-5A-45Initiation of Run on Banks, Etc.5-5A-46False, Etc., Statements, Etc., Affecting Financial Standing of Bank.5-5A-47Liability of Directors or Officers; Enforcement Powers of Superintendent.