Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 2A - State Banking Department.

Section 5-2A-3 - Superintendent - Qualifications, Appointment and Term of Office; Filling of Vacancies. - The State Banking Department shall be in the charge of...

Section 5-2A-4 - Superintendent - Oath and Bond. - The superintendent, before entering upon the discharge of his duties,...

Section 5-2A-5 - Superintendent - Seal of Office; Recordation of Executed Papers. - The Secretary of State shall provide the superintendent with an...

Section 5-2A-6 - Superintendent - Removal; Removal of Member of Banking Board. - (a) The superintendent or any member of the Banking Board...

Section 5-2A-7 - Superintendent - Expansion of Banking Powers; Rules and Regulations. - (a) The Legislature finds as fact and determines that the...

Section 5-2A-8 - Superintendent - Promulgation and Interpretation of Regulations. - The superintendent may, with the concurrence of a majority of...

Section 5-2A-9 - Superintendent - Procedure for Promulgation of Regulations; Emergency Regulations; Judicial Review. - (a) Prior to the adoption, amendment, or repeal of any...

Section 5-2A-10 - Superintendent - Make Good Any Impairment of Capital. - Whenever the superintendent shall have reason to believe that the...

Section 5-2A-11 - Superintendent - Losses; Bank to Correct Impairment of Capital. - Whenever losses are sustained by a bank, such losses shall...

Section 5-2A-12 - Superintendent - Order to Correct Unsafe and Unsound Matters; Penalties; Procedure. - (a) For purposes of this section, a bank holding company...

Section 5-2A-13 - Superintendent - Annual Report to Governor; Publication and Distribution, Etc. - The superintendent shall make from the reports of the department...

Section 5-2A-14 - Superintendent - Reports of Criminal Violations to Grand Juries. - The superintendent may submit to any grand jury any criminal...

Section 5-2A-15 - Appointment, etc., of Assistants and Employees Generally; Bond of Deputy Superintendent. - (a) Subject to the provisions of Section 36-26-1, et seq.,...

Section 5-2A-16 - Limitation of Liability of Superintendent, Members of Banking Board, or Employees. - Neither the superintendent, any member of the Banking Board nor...

Section 5-2A-17 - Bank Examiners - Oath; Duties Generally. - Every examiner shall, before entering upon the discharge of his...

Section 5-2A-18 - Bank Examiners - Commission. - The superintendent shall furnish to each examiner a commission under...

Section 5-2A-19 - Bond of Examiners and Office Assistants. - Before entering upon the duties of their respective offices, all...

Section 5-2A-20 - Assessment of Banks - When Payable; Amount; Disposition of Revenue. - Each bank shall on the call of the superintendent pay...

Section 5-2A-21 - Assessment of Banks - Fees for Failure to Pay Assessment; Proceedings for Collection of Assessment. - Each bank failing to make payments of assessments on call...

Section 5-2A-22 - Independent Audits; Minimum Standards; Advisory Committee; Report in Lieu of Audit. - The board of directors of each state bank shall at...

Section 5-2A-23 - Legal Counsel. - The Attorney General without additional compensation shall render to the...

Section 5-2A-24 - Examination of Small Loan Companies; Fees. - The Superintendent of Banks may at any reasonable time cause...

Article 2 - Banking Board.

Section 5-2A-40 - Composition of Banking Board; Chairman; Appointment and Terms of Office of Members. - There shall be a Banking Board, which shall consist of...

Section 5-2A-41 - Meetings of Board - Notice; Executive Session; Confidentiality. - (a) A meeting of the Banking Board may be held...

Section 5-2A-42 - Meetings of Board - Place. - The Banking Board shall hold its meetings within the state;...

Section 5-2A-43 - Quorum. - A majority of members of the Banking Board shall constitute...

Section 5-2A-44 - Filling of Vacancies; Qualification of Members. - If a vacancy shall occur in the appointed membership of...

Section 5-2A-45 - Compensation of Members. - No person appointed as a member of the Banking Board...

Article 3 - Bureau of Savings and Loan.

Section 5-2A-60 - Composition. - The Bureau of Savings and Loan shall consist of: (1)...

Section 5-2A-61 - Created; Commissioner and Deputy Commissioner Generally; Examiners; Disclosure of Information by Officers; Seal of Commissioner. - (a) There is hereby created a Savings and Loan Bureau...

Section 5-2A-62 - Supervisory Powers of Commissioner Generally; Approvals, etc., by Commissioner; Permits Required of Savings and Loan Associations. - (a) The commissioner shall have general supervision over all associations...

Section 5-2A-63 - Savings and Loan Board; Appeals From Orders, etc., of Commissioner or Board. - (a) There is hereby created a Savings and Loan Board,...

Article 4 - Bureau of Loans.

Section 5-2A-80 - Created; Supervisor of Bureau; Inspections; Records, Reports, etc., Not Open to Public. - To administer and enforce the provisions of chapter 18 of...

Section 5-2A-81 - Revocation and Suspension of Licenses; Injunctive Relief as to Violations of Small Loan Act. - (a) Upon 10 days' written notice to a licensee, stating...

Section 5-2A-82 - Appeals From Acts of Bureau or Supervisor. - Any person aggrieved by any order or act of the...

Section 5-2A-83 - Payment of Salaries and Expenses. - The salaries of the supervisor and employees of the Bureau...

Article 5 - Bureau of Credit Unions.

Division 1 - General Provisions.

Section 5-2A-100 - Created; Appointment of Supervisor and Other Employees; Supervisor's Oath and Bond; Investigations; Records, Reports, etc., Open to Public. - Repealed by Act 2014-317, §2, effective May 1, 2014.

Section 5-2A-101 - Qualifications of Supervisor. - Repealed by Act 2014-317, §2, effective May 1, 2014.

Section 5-2A-102 - Supervision, Inspection and Examinations of Credit Unions. - Repealed by Act 2014-317, §2, effective May 1, 2014.

Section 5-2A-103 - Payment of Operating Expenses. - Repealed by Act 2014-317, §2, effective May 1, 2014.

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Code of Alabama Title 5 - Banks and Financial Institutions. Chapter 2A - State Banking Department.

Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 2A - State Banking Department.