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45-14-40
Section 45-14-40 Branch banks authorized. Any bank, either incorporated or unincorporated,
which is established in Clay County, shall have the power to establish, to maintain, and to
operate within the same city or town or within other communities in Clay County, one or more
branches or branch banks, branch offices, branch agencies, additional offices, or branch places
of business for the receipt of deposits, payment of checks, lending of money, and the conduct
of a general banking business, provided that such bank, before establishment of any such branch
or branches, shall first secure the written consent of the State Superintendent of Banks or
the Comptroller of the currency, as the case may require. (Act 87-320, p. 435, §1.)...
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45-48-40
Section 45-48-40 Branch banking authorized. (a) Any bank, incorporated under the laws of this
state and having a banking office in Marshall County, and any national bank having a combined
paid in capital and earned surplus of at least two hundred thousand dollars ($200,000), shall
have the power to establish, maintain, and operate within the limits of such county, one or
more branches or branch banks, and to conduct all types of banking and trust business at such
branch or branch bank as such bank is lawfully authorized to conduct at its principal office;
provided that no branch may be established within the city limits of any incorporated municipality
having a population of 5,000 or less in accord with the present or any subsequent federal
decennial census and in which a bank is already established; and further provided that any
such branch or branch bank lawfully established under this section may continue to operate
if the population of the incorporated municipality in which it is...
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45-9-90
Section 45-9-90 Banks. Any bank, whether incorporated or unincorporated, within this state,
now or hereafter situated in Chambers County, and where the principal place of business of
such bank is situated in the county shall have the power to establish, maintain, and operate
within the county, one or more branches, or branch banks, branch offices, branch agencies,
additional offices, or branch places of business for the receipt of deposits, payment of checks,
lending of money and the conduct of a general banking and trust business, provided that such
bank before the establishment of any such branch or branches, shall first secure the written
consent thereto of the State Superintendent of Banks. (Act 84-295, p. 660, §1.)...
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5-19-22
Section 5-19-22 License to engage in business of making consumer loans or taking assignments
of consumer credit contracts - Required; exceptions; application; investigation; standards
for issuance; hearing; licensing under Small Loan Act; fees; participation in Nationwide Mortgage
Licensing System and Registry. (a) No creditor shall engage in any one or more of the following
activities without first having obtained a license from the administrator: (1) Making consumer
loans to Alabama residents, regardless of whether the creditor has a place of business in
Alabama or an employee residing in Alabama. (2) Making consumer loans originated by an individual
required to be licensed as a mortgage loan originator under the Alabama Secure and Fair Enforcement
for Mortgage Licensing Act of 2009. (3) Taking assignments of consumer credit contracts, either
from a place of business in Alabama or through use of an employee residing in Alabama whose
employment includes taking assignments of consumer...
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45-37-150.01
Section 45-37-150.01 Definitions. As used in this article: (1) BINGO. That specific kind of
game commonly known as bingo in which prizes are awarded on the basis of designated numbers
or symbols on a card or electronic marking machine conforming to numbers or symbols selected
at random. (2) CHIEF OF POLICE. The chief of police of any municipality electing to establish
a bingo ordinance parallel, or similar, to this article to apply in the municipality. (3)
EDUCATION ORGANIZATION. An organization within this state, not for pecuniary profit, whose
primary purpose is education in nature and designed to develop the capabilities of individuals
by instruction in any public or private elementary or secondary school, or any private college,
not for pecuniary profit, and approved by the State Department of Education. (4) EQUIPMENT.
The receptacle and numbered objects drawn from it, the master board upon which such objects
are placed as drawn, the cards or sheets bearing numbers or other...
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45-47-40
Section 45-47-40 Branch banking. Any bank situated within any incorporated municipality in
Marion County, with the approval of the State Superintendent of Banks, may establish, maintain,
and operate branch banks, or additional offices or places of business for the receipt of deposits,
payment of checks, making of loans, and conducting a general banking business within such
incorporated municipality. Provided, however, that any bank in Marion County shall be permitted
to branch into any municipality in the county that does not presently have banking facilities.
(Act 1973, No. 312, p. 443, § 1; Act 82-304, p. 410, § 1.)...
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45-44-40
Section 45-44-40 Branch banking. Any bank, either incorporated or unincorporated, which is
established in Macon County, shall have the power to establish, to maintain, and to operate
within the same city or town or within other communities, one or more branches or branch banks,
branch offices, branch agencies, additional offices, or branch places of business for the
receipt of deposits, payment of checks, lending of money, and the conduct of a general banking
business, provided that such bank, before establishment of any such branch or branches, shall
first secure the written consent of the State Superintendent of Banks or the Comptroller of
the Currency, as the case may require. (Act 79-230, p. 355, § 1.)...
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5-2A-7
Section 5-2A-7 Superintendent - Expansion of banking powers; rules and regulations. (a) The
Legislature finds as fact and determines that the financial industry composed of those banks
and savings and loan associations having their principal place of business in Alabama must
keep pace with technological and other improvements constantly being made throughout the United
States so as to enable Alabama banks and savings and loan associations to render better and
more efficient services to the citizens of Alabama. It is necessary and desirable that the
superintendent be given additional authority in these fields. (b) The superintendent is hereby
authorized to expand banking powers of Alabama banks or the powers of Alabama savings and
loan associations in order to: (1) Accommodate or take advantage of changing technologies;
and (2) Assure the ability of Alabama banks and Alabama savings and loan associations to be
responsive in their respective businesses to the needs and conveniences...
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5-1A-2
Section 5-1A-2 Definitions. For the purposes of Chapters 1A through 12A of this title, the
following terms shall have the meanings respectively ascribed to them by this section: (1)
BANK. Any banking corporation or trust company organized under the laws of this state under
the jurisdiction of the superintendent of banks of this state or organized under the laws
of the United States having its principal place of business in this state. (2) SUPERINTENDENT.
The Superintendent of Banks of this state. (3) RECEIVERSHIP COURT. The circuit court of the
county in which is located the principal office of a bank in receivership. (4) NATIONAL BANK.
A national banking association organized pursuant to 12 U.S.C. § 21. (5) CAPITAL. The sum
of the par value of the authorized shares of a bank which have been issued and remain outstanding.
(6) SURPLUS. The aggregate of the amounts transferred to surplus pursuant to Section 5-5A-21
and any amounts subsequently designated as such by action of the board...
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5-13B-88
Section 5-13B-88 Authority to act as agent. (a) An Alabama state branch or Alabama state agency
of a foreign bank licensed under this article may receive deposits, renew time deposits, close
loans, service loans, and receive payments on loans and other obligations as an agent for
any depository institution affiliate of such foreign bank, including branch, agency, and other
offices of the same foreign bank located in other states, generally in accordance with the
same terms, conditions, procedures, and requirements that are applicable under the laws and
regulations of this state to such agency activities that may be conducted by Alabama state
banks. (b) Notwithstanding any other provision of the laws or regulations of this state, an
Alabama state branch or Alabama state agency of a foreign bank acting in this state as an
agent in accordance with the provisions of this section shall not be considered to be a branch
of such other depository institution affiliate; provided, however, that...
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