Code of Alabama
Article 1 - General Provisions.
Section 5-11A-3 - Capital Stock Requirements for Trust Companies.

No trust company hereafter organized under the laws of Alabama shall have total initial capital accounts actually paid in of less than $1,000,000.00.

Structure Code of Alabama

Code of Alabama

Title 5 - Banks and Financial Institutions.

Chapter 11A - Regulation of Trust Business of Banks and Trust Companies.

Article 1 - General Provisions.

Section 5-11A-1 - Amenability of Trust Companies to Banking Laws; Use of Word "Trust" in Corporate Name Generally; Operation of Trust Departments, etc., by Banks.

Section 5-11A-1.1 - Branching of Trust Companies; Branching of Out-of-State Trust Companies; Reciprocity; Cooperative Agreements.

Section 5-11A-2 - Written Approval of Superintendent to Conduct Trust Business.

Section 5-11A-3 - Capital Stock Requirements for Trust Companies.

Section 5-11A-4 - Use of Word "Trust" in Designation or Name of Entity.

Section 5-11A-5 - Deposit of Security for Operation of Trust Business - Amount Required and Form; Charges Against Deposit.

Section 5-11A-6 - Deposit of Security for a Operation of Trust Business - State Treasurer to Decline Certain Bonds or Securities.

Section 5-11A-7 - Deposit of Security for a Operation of Trust Business - Certificate of Deposit; Purpose.

Section 5-11A-8 - Sale of Bonds or Securities for Satisfaction of Judgment Against Trust Company.

Section 5-11A-9 - Exemption of Trust Companies, etc., Acting as Administrators, etc., From Bond Requirement.

Section 5-11A-10 - Withdrawal of Bonds or Securities From Deposit With Trustees.

Section 5-11A-11 - Interest on Bonds or Securities Deposited With Treasurer Payable to Trust Companies.

Section 5-11A-12 - Trust Company Authorized to Purchase Its Own Securities in Fiduciary Capacity.