Each bank failing to make payments of assessments on call made by the superintendent within 30 days after receiving notice from the superintendent of the amount of the assessment, shall pay to the state $100.00 for each day after such 30-day period. Such sum, together with the amount due from the bank, may be collected by civil action from the bank in the name of the state against the bank, and the Attorney General shall represent the superintendent in proper proceedings to enforce the collection of the assessment, together with the amount provided in this section.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 2A - State Banking Department.
Article 1 - General Provisions.
Section 5-2A-1 - Creation of Department; Duties Generally.
Section 5-2A-2 - Offices, Venue.
Section 5-2A-4 - Superintendent - Oath and Bond.
Section 5-2A-5 - Superintendent - Seal of Office; Recordation of Executed Papers.
Section 5-2A-6 - Superintendent - Removal; Removal of Member of Banking Board.
Section 5-2A-7 - Superintendent - Expansion of Banking Powers; Rules and Regulations.
Section 5-2A-8 - Superintendent - Promulgation and Interpretation of Regulations.
Section 5-2A-10 - Superintendent - Make Good Any Impairment of Capital.
Section 5-2A-11 - Superintendent - Losses; Bank to Correct Impairment of Capital.
Section 5-2A-13 - Superintendent - Annual Report to Governor; Publication and Distribution, Etc.
Section 5-2A-14 - Superintendent - Reports of Criminal Violations to Grand Juries.
Section 5-2A-16 - Limitation of Liability of Superintendent, Members of Banking Board, or Employees.
Section 5-2A-17 - Bank Examiners - Oath; Duties Generally.
Section 5-2A-18 - Bank Examiners - Commission.
Section 5-2A-19 - Bond of Examiners and Office Assistants.
Section 5-2A-20 - Assessment of Banks - When Payable; Amount; Disposition of Revenue.
Section 5-2A-23 - Legal Counsel.
Section 5-2A-24 - Examination of Small Loan Companies; Fees.