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. - Any bank may consolidate or merge with or transfer its...

Section 5-7A-2 - Proceedings to Effect Consolidation, Merger or Transfer. - Before such consolidation, merger or transfer shall become effective, the...

Section 5-7A-3 - Certificate of Proceedings to Be Forwarded to Superintendent of Banks. - A certificate of all the proceedings, including a copy of...

Section 5-7A-4 - Issuance of Certificate of Approval by Superintendent. - If the superintendent approves the entire proceedings, he shall issue...

Section 5-7A-5 - Examinations; Written Consent of Superintendent to Consolidation. - Before approving proceedings to consolidate one such institution with another,...

Section 5-7A-6 - Appeals; Applicability of Article to Branch Banks, Etc. - If such consent is refused, an appeal may be taken...

Article 2 - Conversion of National Banks Into State Banks.

Section 5-7A-20 - Conversion of National Bank, etc., Into State Bank - Procedure. - Any bank organized under the laws of the United States...

Section 5-7A-21 - Conversion of National Bank, etc., Into State Bank - Execution of Articles of Incorporation and Organization Certificate; Powers of Directors, Etc. - In case of such conversion, the articles of incorporation and...

Section 5-7A-22 - Conversion of National Bank, etc., Into State Bank - Powers and Duties of Bank, Stockholders, Officers, etc., Upon Issuance of Certificate. - (a) When the superintendent has given to such bank a...

Section 5-7A-23 - Declaration of Incorporation. - Before the issuing of such certificate by the superintendent a...

Section 5-7A-24 - Issuance of Stock by State Bank. - Such state bank shall have authority to issue to the...

Article 3 - Conversion of State Banks Into or Consolidation With National Banks.

Section 5-7A-40 - Authorized; Exchange of Stock. - Any state bank may, with the consent of the holders...

Section 5-7A-41 - Meeting of Stockholders for Purpose of Conversion or Consolidation. - All meetings of shareholders, called for any of the purposes...

Section 5-7A-42 - Transfer of Property of State Bank to National Bank. - At the time when such conversion of or consolidation or...

Section 5-7A-43 - Continuation of Identity, Obligations, etc., of State Bank. - Upon such conversion, merger or consolidation becoming effective, the national...

Section 5-7A-44 - Rights of Dissenting Shareholders. - The rights of shareholders of a national bank dissenting from...

Section 5-7A-46 - Sections Not to Affect General or Local Law, Etc. - Except to the extent necessary to give effect to Section...

Article 4 - Conversion of Savings Institutions Into State Banks.

Section 5-7A-60 - Purpose. - It is the purpose of this article to permit state...

Section 5-7A-61 - Definitions. - As used in this article, the following terms shall have...

Section 5-7A-62 - Application to Convert Charter; Written Plan of Conversion; Authorizing Resolution; Submission to Superintendent; Fee; Tentative Approval; Vote of Stockholders or Members; Directors; Articles of Incorporation and Bylaws; Statement o... - Any savings institution may apply to the superintendent for permission...

Section 5-7A-63 - Resulting Bank as Continuation of Savings Institution. - Except insofar as the superintendent requires the converting savings institution...

Section 5-7A-64 - Maintenance and Operation of Offices. - Following the conversion of a savings institution to a state...

Section 5-7A-65 - Expansion or Branching Limited. - Except as provided in Section 5-7A-64, nothing in this article...