Following the conversion of a savings institution to a state chartered bank pursuant to this article, the resulting bank may continue to maintain and operate as banking offices all offices maintained and operated by the savings institution at the time of such conversion.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 7A - Bank Merger, Consolidation, or Conversion.
Article 4 - Conversion of Savings Institutions Into State Banks.
Section 5-7A-61 - Definitions.
Section 5-7A-63 - Resulting Bank as Continuation of Savings Institution.