STATUTES

STATE STATUTES & CODES

ALABAMA STATUTES AND CODES

Chapter 5A — ORGANIZATION AND OPERATION OF BANKS.

Section 5-5A-1 Procedure for incorporation - Application for permit.
Section 5-5A-2 Procedure for incorporation - Notice of intention to incorporate.
Section 5-5A-3 Procedure for incorporation - Affidavit of proposed incorporators; affidavit of proposed stockholders; submission of proposed certificate of incorporation; disclosure to stockholders.
Section 5-5A-4 Procedure for incorporation - Investigation as to fitness of stockholders and executive officers and necessity for banks.
Section 5-5A-5 Procedure for incorporation - Filing of objections to incorporation of proposed bank; investigation of objections.
Section 5-5A-6 Procedure for incorporation - Certificate of Superintendent of Banks authorizing filing of certificate of incorporation.
Section 5-5A-7 Procedure for incorporation - Filing and recordation of certificate of incorporation.
Section 5-5A-8 Procedure for incorporation - Refusal to permit incorporation; appeal from refusal to Banking Board.
Section 5-5A-9 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 o
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.

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