Code of Alabama
Chapter 5A - Organization and Operation of Banks.
Section 5-5A-12 - Membership in Federal Deposit Insurance Corporation, Etc.

Code of Alabama

Title 5 - Banks and Financial Institutions.

Chapter 5A - Organization and Operation of Banks.

Section 5-5A-1 - Procedure for Incorporation - Application for Permit.

Section 5-5A-2 - Procedure for Incorporation - Notice of Intention to Incorporate.

Section 5-5A-3 - Procedure for Incorporation - Affidavit of Proposed Incorporators; Affidavit of Proposed Stockholders; Submission of Proposed Certificate of Incorporation; Disclosure to Stockholders.

Section 5-5A-4 - Procedure for Incorporation - Investigation as to Fitness of Stockholders and Executive Officers and Necessity for Banks.

Section 5-5A-5 - Procedure for Incorporation - Filing of Objections to Incorporation of Proposed Bank; Investigation of Objections.

Section 5-5A-6 - Procedure for Incorporation - Certificate of Superintendent of Banks Authorizing Filing of Certificate of Incorporation.

Section 5-5A-7 - Procedure for Incorporation - Filing and Recordation of Certificate of Incorporation.

Section 5-5A-8 - Procedure for Incorporation - Refusal to Permit Incorporation; Appeal From Refusal to Banking Board.

Section 5-5A-9 - Procedure for Incorporation - Judicial Review.

Section 5-5A-10 - Permit to Transact Business - Required.

Section 5-5A-11 - Permit to Transact Business - Examination; Issuance and Recordation of Permit.

Section 5-5A-12 - Membership in Federal Deposit Insurance Corporation, Etc.

Section 5-5A-13 - Filing Fee; Other Fees.

Section 5-5A-14 - Capital - Minimum Amount Required for Incorporation of Bank.

Section 5-5A-15 - Capital - Increase or Decrease.

Section 5-5A-16 - Issuance of Capital Notes and Debentures.

Section 5-5A-17 - Amendment of Certificate of Incorporation; Approval of Amended Certificate of Incorporation.

Section 5-5A-18 - Powers of Banks Generally.

Section 5-5A-18.1 - Banks and Trust Companies to Have Power of Federally Chartered or Regulated Financial Institution.

Section 5-5A-19 - Reserves.

Section 5-5A-20 - Branch Banks; Commercial Affiliates.

Section 5-5A-21 - Surplus; Restriction on Dividends.

Section 5-5A-22 - Limits of Indebtedness.

Section 5-5A-23 - Investments and Loans With Respect to Housing.

Section 5-5A-25 - Acceptance of Drafts or Bills of Exchange Arising From Transactions Involving Shipment of Goods - Authority.

Section 5-5A-26 - Acceptance of Drafts or Bills of Exchange Arising From Transactions Involving Shipment of Goods - Limitations.

Section 5-5A-27 - Loans Secured by Own Stock; Purchase of Own Stock; Ownership of Capital Stock of Other Banks.

Section 5-5A-28 - Pledge of Assets.

Section 5-5A-29 - Security Not Required When Deposits Insured.

Section 5-5A-30 - Transactions of Business on Legal Holidays; Use of Automated Teller Machine or Other Instrumentality, Transaction Fees, Disclosure; Limitation on Contractual Fee Restrictions, Intent of Limitation, Applicability.

Section 5-5A-31 - Liability for Transactions on Legal Holidays.

Section 5-5A-32 - Closing of Banks, etc., Permitted on One Business Day of Each Week.

Section 5-5A-33 - Bank to Pay Checks Drawn on It at Par.

Section 5-5A-35 - Agreements Between Principal and Sureties on Bond for Deposit of Money and Assets in Bank, Etc.

Section 5-5A-36 - Notice Upon Maturity of Certificate of Deposit Issued for More Than 90 Days.

Section 5-5A-37 - Rights of Minors.

Section 5-5A-38 - Disposition of Small Deposits of Deceased Person - to Whom Payable; When Bond Required.

Section 5-5A-39 - Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited.

Section 5-5A-40 - Disposition of Deposit in Trust for Another Upon Death of Trustee.

Section 5-5A-41 - Payment of Deposits Made in Names of Two Persons Upon Death of One; More Than Two Persons With Provision for Survivorship.

Section 5-5A-42 - Adverse Claims to Deposits.

Section 5-5A-43 - Disclosure of Customer Financial Records.

Section 5-5A-44 - Acquisition of Majority of Voting Shares of a Bank; Procedure.

Section 5-5A-45 - Initiation of Run on Banks, Etc.

Section 5-5A-46 - False, etc., Statements, etc., Affecting Financial Standing of Bank.

Section 5-5A-47 - Liability of Directors or Officers; Enforcement Powers of Superintendent.