Code of Alabama
Chapter 16 - Savings and Loan Associations.
Section 5-16-44 - Deposit in Names of Two Persons, Payable to Either or Survivor - How Payable; When Construed as Belonging to Survivor.

Code of Alabama

Title 5 - Banks and Financial Institutions.

Chapter 16 - Savings and Loan Associations.

Section 5-16-1 - Short Title.

Section 5-16-2 - Definitions.

Section 5-16-3 - Associations, etc., Accepting Money for Promotion of Thrift and Financing of Homes Subject to Provisions of Chapter, Etc.

Section 5-16-4 - Procedure for Incorporation - Petition for Certificate of Incorporation; Subscription by Incorporators, Etc.

Section 5-16-5 - Procedure for Incorporation - Approval of Petition for Certificate of Incorporation; Certificate of Approval.

Section 5-16-6 - Procedure for Incorporation - Issuance of Certificate of Incorporation.

Section 5-16-7 - Bylaws.

Section 5-16-8 - Organizational Meeting.

Section 5-16-9 - Corporate Name and Offices - Generally.

Section 5-16-10 - Corporate Name and Offices - Change of Location of Home Office; Certificate of Approval, Etc.

Section 5-16-11 - Corporate Name and Offices - Establishment of Branch Offices.

Section 5-16-12 - Period for Commencement of Business; Forfeiture of Corporate Existence for Nonuse.

Section 5-16-13 - Rights, Privileges, etc., of Members; Annual Meeting; Annual Financial Statement; Voting by Members; Assessment of Fines and Penalties Against Members; Transfer of Real Estate Security by Borrowing Member.

Section 5-16-14 - Directors, Officers and Employees.

Section 5-16-15 - Books, Records and Accounts.

Section 5-16-16 - Capital and Accounts.

Section 5-16-17 - Reserve Accounts; Interest Due and Accrued Account.

Section 5-16-18 - Undivided Profits Account.

Section 5-16-19 - Dividends.

Section 5-16-20 - Repurchase of Accounts.

Section 5-16-21 - Redemption of Accounts.

Section 5-16-22 - Issuance of Duplicate Membership Certificates.

Section 5-16-23 - Issuance, etc., of Certificates of Indebtedness; Receipt of Public Deposits; Payment of Guaranteed Rate of Interest.

Section 5-16-24 - Powers Generally.

Section 5-16-25 - Real Estate Loans.

Section 5-16-26 - Liens on Accounts; Pledges of Accounts as Security for Loans.

Section 5-16-27 - Adoption, etc., of Bonus Plans and Payment of Cash Bonuses on Accounts; Bonus Reserve Account.

Section 5-16-28 - Sales, Transfers, or Exchanges of Assets.

Section 5-16-29 - Mergers.

Section 5-16-30 - Conversions.

Section 5-16-31 - Reorganizations.

Section 5-16-32 - Voluntary Liquidation - Procedure Generally.

Section 5-16-33 - Voluntary Liquidation - Remittance of Unclaimed Dividends and Share Accounts by Receiver, etc.; Payment of Creditors and Investors by Commissioner.

Section 5-16-34 - Voluntary Liquidation - Certification and Transmittal of Unclaimed Funds to State Treasurer.

Section 5-16-35 - Voluntary Liquidation - Payment of Creditors or Investors by State Treasurer.

Section 5-16-36 - Reports, Examinations and Audits.

Section 5-16-37 - Conservatorship; Involuntary Liquidation.

Section 5-16-38.1 - Assessment Fees.

Section 5-16-39 - Foreign Corporations Not to Transact Business in State; Privileges, etc., of Federal Savings and Loan Associations.

Section 5-16-40 - Sales of Accounts.

Section 5-16-41 - Acknowledgment, etc., of Instruments by Public Officers Employed by Associations, Etc.

Section 5-16-42 - Operating or Management Contracts.

Section 5-16-43 - Accounts of Minors, Married Women, Joint Owners and Fiduciaries; Investments in Accounts of Associations.

Section 5-16-44 - Deposit in Names of Two Persons, Payable to Either or Survivor - How Payable; When Construed as Belonging to Survivor.

Section 5-16-45 - Deposit in Names of Two Persons, Payable to Either or Survivor - Title to Deposit Upon Death of Either.

Section 5-16-46 - Disposition of Account of Deceased Person.

Section 5-16-47 - Disposition of Deposit in Trust for Another Upon Death of Trustee.

Section 5-16-48 - Engaging in Mortgage Brokerage Business; Purchase of Loans; Origination, Purchase and Sale of Mortgages.

Section 5-16-49 - Forms.

Section 5-16-50 - Deposits With State Treasurer, etc., of Securities Issued by Associations.

Section 5-16-51 - Associations Empowered to Enter Into Contracts, etc., for Insurance of Accounts, Etc.

Section 5-16-52 - State Associations May Make Contracts, Loans or Investments Available to Federal Savings and Loan Associations.

Section 5-16-53 - Termination of Status as Insured Corporation.