Any Alabama state chartered credit union shall be subject to the provisions of the Alabama Business Corporation Act, specifically to Sections 10-2A-260, 10-2A-261, 10-2A-283, 10-2A-284, 10-2A-25, 10-2A-26, 10-2A-27, 10-2A-28 and 10-2A-29.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Article 2 - Alabama Credit Union Administration.
Section 5-17-41 - Administrator - Appointment; Vacancy; Eligibility.
Section 5-17-42 - Administrator - Oath; Bond.
Section 5-17-43 - Official Seal; Use of Sealed Papers as Evidence; Recording.
Section 5-17-44 - Removal From Office of Administrator or Board Member.
Section 5-17-45 - Legislative Findings; Powers of Credit Unions; Agreements; Reports.
Section 5-17-48 - Annual Report; Public Distribution of Report and Other Material.
Section 5-17-49 - Violations to Be Submitted to Grand Jury.
Section 5-17-50 - Employment and Compensation of Necessary Personnel; Assistant Administrator.
Section 5-17-51 - Immunity From Personal Liability.
Section 5-17-52 - Oath and Duties of Examiner.
Section 5-17-54 - Bond of Alabama Credit Union Administration Employees.
Section 5-17-55 - Credit Union Board Created; Composition; Appeals.
Section 5-17-56 - Meetings; Executive Sessions; Confidential Information.
Section 5-17-58 - Compensation and Expenses of Board Members.
Section 5-17-59 - Applicability of Alabama Business Corporation Act.
Section 5-17-60 - Confidentiality of Conditions and Affairs of Credit Unions; Disclosures.