Any bank may consolidate or merge with or transfer its assets and liabilities to another bank and any bank may move its office or place of business from one city or town to another city or town within the state.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 7A - Bank Merger, Consolidation, or Conversion.
Article 1 - Consolidation, Merger or Transfer of State Banks.
Section 5-7A-1 - Banks May Merge or Consolidate; Transfer of Place of Business.
Section 5-7A-2 - Proceedings to Effect Consolidation, Merger or Transfer.
Section 5-7A-3 - Certificate of Proceedings to Be Forwarded to Superintendent of Banks.
Section 5-7A-4 - Issuance of Certificate of Approval by Superintendent.
Section 5-7A-5 - Examinations; Written Consent of Superintendent to Consolidation.
Section 5-7A-6 - Appeals; Applicability of Article to Branch Banks, Etc.