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5-2A-6
Section 5-2A-6 Superintendent - Removal; removal of member of Banking Board. (a) The superintendent
or any member of the Banking Board may be removed from office by a vote of two thirds of the
members of the entire banking board for: (1) Neglect of duty; (2) Malfeasance; (3) Misfeasance;
(4) Extortion or corruption in office; (5) Incompetency; (6) Intemperance in the use of intoxicating
liquors or narcotics to such an extent, in view of the dignity of the office and the importance
of its duties, as to render such person unfit for the discharge of his duties; or (7) Any
offense involving moral turpitude while in office, committed under color thereof or connected
therewith. (b) The superintendent may also be removed from office, without cause, upon written
order of four appointed members of the Banking Board and the Governor. (Acts 1980, No. 80-658,
§5-2-8.)...
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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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5-3A-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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5-2A-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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5-13B-23
Section 5-13B-23 Interstate merger transactions and branching; operation of branches. (a) One
or more Alabama state banks may enter into an interstate merger transaction with one or more
out-of-state banks under this article, and an out-of-state bank resulting from such transaction
may maintain and operate the branches in Alabama of an Alabama state bank that participated
in such transaction, provided that the conditions and filing requirements of this article
are met. (b) Except as otherwise expressly provided in this subsection, an interstate merger
transaction, establishment of a de novo branch, or acquisition of a branch shall not be permitted
under this article if, upon consummation of such transaction, the out-of-state bank, including
all insured depository institutions that would be "affiliates" as defined in 12
U.S.C. §1841(k) of the out-of-state bank, would control 30 percent or more of the total amount
of deposits held by all insured depository institutions in this state....
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5-5A-13
Section 5-5A-13 Filing fee; other fees. (a) The Banking Board shall from time to time fix the
amount of the fee for filing an application for a new bank, and for: (1) Establishment of
a branch of an existing bank; (2) Conversion of a national bank to a state bank; (3) A merger
of two or more existing banks; (4) Establishment and operation of any facility authorized
under the provisions of Sections 5-2A-7 and 5-2A-8; (5) Acquisition of a majority of voting
stock of a bank; (6) Any examination necessitated by the foregoing; and (7) Other actions
that require the approval of the superintendent or the Banking Board. (b) All such fees shall
be paid into the special fund set up by the State Treasurer pursuant to Section 5-2A-20. (Acts
1980, No. 80-658, §5-5-13.)...
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5-7A-20
Section 5-7A-20 Conversion of national bank, etc., into state bank - Procedure. Any bank organized
under the laws of the United States may, by the vote of the stockholders owning not less than
a majority of the capital stock of such bank with the approval of the superintendent and upon
the payment by it to the superintendent of a fee prescribed by the Banking Board under Section
5-5A-13, be converted into a state bank with any name approved by the superintendent. (Acts
1980, No. 80-658, §5-7-20.)...
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5-8A-26
Section 5-8A-26 Use of bank examiner's reports as evidence in liquidation proceedings, etc.
In the event the superintendent takes charge of the business and affairs of any bank as authorized
in this chapter or in the event a proceeding is instituted to forfeit the charter of any bank,
the report of the examiner of such bank on file in the office of the superintendent or a copy
thereof duly certified by the superintendent under his official seal, is admissible and may
be used as evidence in any court, either by the superintendent, the Banking Board, any member
or employee thereof, the receiver or the bank. (Acts 1980, No. 80-658, §5-8-26.)...
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16-26A-4
Section 16-26A-4 Board of directors generally. (a) There is hereby created a board of directors
for the school, sometimes hereinafter referred to as the "board." The board shall
be composed of 21 members as follows: (1) The State Department of Education assistant state
superintendent in charge of curriculum development, or his or her designee. (2) The Chancellor
of the University of Alabama System, or his or her designee. (3) The President of Auburn University,
or his or her designee. (4) The President of the University of South Alabama, or his or her
designee. (5) The President of Alabama A&M University, or his or her designee. (6) The
Chair of the Alabama High School of Mathematics and Science Foundation. (7) The Chair of the
House Standing Committee on Education, or his or her designee. (8) The Chair of the Senate
Standing Committee on Education, or his or her designee. (9) The Chair of the House Standing
Committee on Ways and Means Education, or his or her designee. (10) The Chair...
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5-2A-2
Section 5-2A-2 Offices, venue. The State Banking Department shall locate and maintain its principal
office in the City of Montgomery, Alabama, from which place it shall perform its duties and
transact its business. Unless otherwise provided in Chapters 1A through 13B and Chapter 20
of this title, all actions in which the superintendent, the Banking Department or its employees,
the Banking Board or its members are named or joined shall be brought in the Circuit Court
of Montgomery County. (Acts 1980, No. 80-658, §5-2-2; Acts 1995, No. 95-115, p. 134, §68.)...
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