Code of Alabama
Chapter 17 - Credit Unions.
Article 2 - Alabama Credit Union Administration.

Section 5-17-40 - Alabama Credit Union Administration Created; Functions; Transfer of Authority Previously Vested in State Banking Department. - THIS SECTION WAS AMENDED BY ACT 2018-470 IN THE 2018...

Section 5-17-41 - Administrator - Appointment; Vacancy; Eligibility. - (a) The Alabama Credit Union Administration shall be in the...

Section 5-17-42 - Administrator - Oath; Bond. - The administrator, before entering upon the discharge of his or...

Section 5-17-43 - Official Seal; Use of Sealed Papers as Evidence; Recording. - The Secretary of State shall provide the administrator with an...

Section 5-17-44 - Removal From Office of Administrator or Board Member. - (a) The administrator or any member of the Credit Union...

Section 5-17-45 - Legislative Findings; Powers of Credit Unions; Agreements; Reports. - (a) The Legislature finds as fact and determines that the...

Section 5-17-46 - Policies, Regulations, and Interpretations; Review for Ratification; Procedure for Adopting, Amending or Repealing. - (a) The administrator may, with the concurrence of a majority...

Section 5-17-47 - Procedure for Adopting, Amending, or Repealing Regulations and Interpretations; Contesting Regulations. - (a) Prior to the adoption, amendment, or repeal of any...

Section 5-17-48 - Annual Report; Public Distribution of Report and Other Material. - The administrator shall make from the reports of the department...

Section 5-17-49 - Violations to Be Submitted to Grand Jury. - Repealed by Act 2014-317, §2, effective May 1, 2014.

Section 5-17-50 - Employment and Compensation of Necessary Personnel; Assistant Administrator. - (a) Subject to the provisions of Section 36-26-1, et seq.,...

Section 5-17-51 - Immunity From Personal Liability. - Neither the administrator, any member of the Credit Union Board...

Section 5-17-52 - Oath and Duties of Examiner. - Before entering upon the discharge of his or her duties,...

Section 5-17-53 - Furnishing of Commission to Examiner; Exhibit to Credit Union Upon Making Examination. - Repealed by Act 2014-317, §2, effective May 1, 2014.

Section 5-17-54 - Bond of Alabama Credit Union Administration Employees. - Before entering upon the duties of their respective offices, the...

Section 5-17-55 - Credit Union Board Created; Composition; Appeals. - (a) There shall be a Credit Union Board of the...

Section 5-17-56 - Meetings; Executive Sessions; Confidential Information. - (a) The administrator shall comply with the Alabama Open Meetings...

Section 5-17-57 - Quorum. - A majority of the Credit Union Board shall constitute a...

Section 5-17-58 - Compensation and Expenses of Board Members. - No person appointed as member of said Credit Union Board...

Section 5-17-59 - Applicability of Alabama Business Corporation Act. - Any Alabama state chartered credit union shall be subject to...

Section 5-17-60 - Confidentiality of Conditions and Affairs of Credit Unions; Disclosures. - (a) Except as otherwise provided in this title or under...