5-10A-3
Section 5-10A-3 Declaration of banking holidays; promulgation of emergency rules or regulations.
Whenever, in the opinion of the superintendent it shall be deemed that an emergency exists,
the superintendent with the concurrence of not less than two other members of the Banking
Board, or any three members of the Banking Board without action by said superintendent, shall
be authorized to declare and put into effect a bank holiday for such period as he or they
may deem necessary or to promulgate or approve such emergency rules or regulations with respect
to banking business, practices and transactions within the state or within any community or
locality therein as shall, in his or their opinion, be deemed necessary. Such rules and regulations
shall continue in force for such period as may be fixed by him or them in promulgating the
same and until modified, suspended or terminated as provided in this chapter. (Acts 1980,
No. 80-658, §5-10-3.)...
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5-2A-41
Section 5-2A-41 Meetings of board - Notice; executive session; confidentiality. (a) A meeting
of the Banking Board may be held on call of the superintendent or any three members of the
Banking Board. The superintendent shall give to each member of the Banking Board at least
three days' notice of the time and place of any meeting of the Banking Board unless such notice
is waived by all the members of the Banking Board. (b) At any meeting, the Banking Board may
go into executive session in order to do any of the following: (1) Protect the confidentiality
of reports or information under Sections 5-3A-3, 5-3A-11, and 5-13B-105 and other provisions
of this title. (2) Review information concerning the condition and affairs of any proposed
bank or trust company, any bank or trust company, any subsidiary or affiliate of a bank or
trust company, or several banks or trust companies or their subsidiaries, or to review personal
or financial information of individuals. (3) Accomplish any other...
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5-3A-3
Section 5-3A-3 Disclosure of information obtained by superintendent, bank examiners, etc. (a)
Neither the superintendent, any member of the Banking Board, nor any bank examiner or other
state employee shall disclose the condition and affairs of any bank or bank holding company,
or their subsidiaries or other affiliates, ascertained by an examination of such bank, or
bank holding company, or affiliates, or report or give information as to persons who are depositors
or debtors of a bank, except as authorized or required by law; provided, that this section
shall not be construed to prevent bank examiners and other employees from reporting such information
to the superintendent or such persons as the superintendent may lawfully designate. (b) Notwithstanding
the provisions of subsection (a), the superintendent, at the superintendent's discretion,
may disclose any information, otherwise protected under this section, to the members of the
Banking Board and confer with the members of the...
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5-10A-4
Section 5-10A-4 Extension, etc., of banking holiday or emergency rules or regulations. Any
such bank holiday or any such rule or regulation may be extended, modified, suspended or terminated
by the superintendent with the concurrence of not less than two other members of the Banking
Board or by any three members of the Banking Board without action by said superintendent by
signing and filing their written direction to that effect with the superintendent who shall
thereupon forthwith proclaim and give effect to the same. (Acts 1980, No. 80-658, §5-10-4.)...

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5-10A-15
Section 5-10A-15 Authorization and approval of reorganization of bank without receivership
liquidation. The superintendent with the concurrence of not less than two other members of
the Banking Board or any three members of the Banking Board without action by said superintendent
are hereby further authorized and empowered to approve and authorize any bank to reorganize
its business and affairs, without receivership liquidation, to such extent as may be deemed
by them proper, and any reorganization so approved and authorized shall be lawful and effective;
provided, that in no case shall the paid-in capital stock be permitted thereby to be reduced
below the minimum amount now required by law. (Acts 1980, No. 80-658, §5-10-16.)...
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5-2A-40
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 the superintendent, who shall
be ex officio a member and chairman of the board, and six persons who shall be appointed by
the Governor, by and with the consent of the Senate. At the time of appointment members shall
reside in different congressional districts. Members of the Banking Board shall be appointed
for terms of six years each so that the terms of two of the six appointed members will expire
on February 1 of each odd-numbered year. Upon the expiration of their terms of office, members
of the board shall continue to serve until their successors are appointed and have qualified.
(Acts 1980, No. 80-658, §5-2-40.)...
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5-2A-44
Section 5-2A-44 Filling of vacancies; qualification of members. If a vacancy shall occur in
the appointed membership of the Banking Board, the vacancy shall be filled by appointment
of the Governor, and the appointee shall hold office until the Senate meets and passes on
the appointment. If the appointment is disapproved by the Senate, another appointment must
be made by the Governor, and appointments must be made in like manner until an appointment
is confirmed by the Senate. The six appointed members of the Banking Board shall be persons
of good character. Four of the six must have had at least five years' experience in the 10
years next preceding their appointment to the Banking Board either as an officer of a bank,
a director of a bank or an examiner or other officer in a federal or state bank supervisory
agency, including the Office of the Comptroller of the Currency, the Federal Reserve System,
the Federal Deposit Insurance Corporation and the banking departments of the various...
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5-2A-45
Section 5-2A-45 Compensation of members. No person appointed as a member of the Banking Board
shall receive any compensation for this service; except, that each appointed member of said
Banking Board shall receive $50.00 per day and expenses as paid state employees for each day
said Banking Board is in session. The compensation of the appointed members of the Banking
Board shall be paid as earned by the State Treasurer on warrants drawn by the comptroller,
in favor of each of them, which warrants are to be drawn on the certificate of the superintendent,
which certificate shall certify that a meeting of said board was held, stating the time of
meeting and stating the amount to which each member of the board is entitled. (Acts 1980,
No. 80-658, §5-2-45.)...
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34-24-75
Section 34-24-75 Certain certificates issued without examination. (a) The State Board of Medical
Examiners may, in its discretion and subject to rules and regulations promulgated by the board,
issue a certificate of qualification without examination in behalf of full-time employed physicians
teaching in any medical college in Alabama, approved by the Association of American Medical
Colleges or the board. The dean of the medical college located in this state shall be required
to annually certify to the board the names of members of the college's faculty who have not
had issued in their behalf a certificate of qualification by the board and who, in the opinion
of the dean, possess the qualifications as the board has or may prescribe including qualifications
in the basic sciences, medical education, and other qualifications. The dean, in submitting
the certificate of qualifications, shall submit, in addition to the certificate and other
information required, a dossier on the applicant to...
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5-2A-3
Section 5-2A-3 Superintendent - Qualifications, appointment and term of office; filling of
vacancies. The State Banking Department shall be in the charge of the superintendent, who
shall be the chief executive officer of the department. The superintendent shall be a person
of good character and shall be neither directly nor indirectly interested in, nor borrow money
from, a bank chartered under the laws of this state. Debts of the superintendent existing
at the time of his or her appointment with banks chartered under the laws of this state may
not be extended or renewed. The superintendent shall be appointed by the Governor by and with
the consent of the Senate and his or her salary shall be set by the Governor within a salary
range established by the Banking Board. The salary of any Assistant Superintendent of Banks
shall be set by the Governor within a salary range established by the Banking Board for the
position of Assistant Superintendent of Banks. Sections 36-6-5 and 36-6-6...
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