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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-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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5-13B-42
Section 5-13B-42 General regulation authority. The superintendent, with the concurrence of
a majority of the members of the State Banking Board, is authorized and empowered to issue
such rules, regulations, and orders as the superintendent may deem necessary in order to perform
his or her duties and functions under this article and to administer and carry out the provisions
and purposes of this article and to prevent evasions thereof. (Acts 1995, No. 95-115, p. 134,
§24.)...
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5-2A-8
Section 5-2A-8 Superintendent - Promulgation and interpretation of regulations. The superintendent
may, with the concurrence of a majority of the members of the State Banking Board or as otherwise
provided in this title, promulgate such reasonable regulations, consistent with the laws of
this state, as may be necessary to carry out the provisions of this title over which the State
Banking Department has jurisdiction. The superintendent shall, in addition, issue written
interpretations of banking laws and regulations. Any bank or bank holding company and any
officer or director thereof relying on any regulation or interpretation shall be fully protected
even though the same shall be thereafter ruled invalid for any reason by a court of competent
jurisdiction. (Acts 1980, No. 80-658, p. 1259, §5-2-10; Acts 1985, No. 85-457, p. 425, §3;
Acts 1995, No. 95-115, p. 134, §69; Act 2013-352, p. 1261, §1.)...
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1-3-8
Section 1-3-8 Holidays enumerated; personal leave days; state holidays observed by closing
of state offices; compensatory leave days. (a) Sunday, Christmas Day, New Year's Day, Martin
Luther King, Jr.'s birthday, Robert E. Lee's birthday, George Washington's birthday, Thomas
Jefferson's birthday, Confederate Memorial Day, National Memorial Day, Jefferson Davis' birthday,
the Fourth day of July, Labor Day, Columbus Day and Fraternal Day, Veterans' Day, American
Indian Heritage Day, and the day designated by the Governor for public thanksgiving shall
each be deemed a holiday. If any holiday falls on Sunday, the following day is the holiday.
If any holiday falls on Saturday, the preceding day is the holiday. Veterans' Day shall be
observed by the closing of all state, county, and municipal offices, all banks located within
this state, and the public schools on such day. Public schools, grades K to 12, inclusive,
and all public two-year institutions of higher education shall also be closed...
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5-13B-6
Section 5-13B-6 Standards for approval. (a) In deciding whether to approve an application for
a proposed acquisition under this article, the superintendent shall consider whether the acquisition
may: (1) Be detrimental to the safety and soundness of the Alabama state bank or the Alabama
bank holding company ; (2) Result in a substantial reduction of competition in this state;
or (3) Have a significantly adverse effect on the convenience and needs of the community or
communities in this state that are served by the Alabama state bank or the Alabama bank holding
company to be acquired. (b) Except as otherwise expressly provided in this section, the superintendent
shall not approve an acquisition under this article if upon consummation of the transaction
the applicant, including any depository institution affiliated with the applicant, would control
30 percent or more of the total amount of deposits held by depository institutions in this
state. (c) The superintendent may by regulation,...
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22-21-270
Section 22-21-270 Certificates of need - Period for which valid; extension of time; termination;
transferability. (a) A certificate of need issued under subsection (a) of Section 22-21-265
and Section 22-21-268 shall be valid for a period not to exceed 12 months and may be subject
to one extension not to exceed 12 months, provided the criteria for extension as set forth
in the rules and regulations of the SHPDA are met. Applications for an extension filed under
this section shall be accompanied by a filing fee to be established by rule, not to exceed
25 percent of the original CON application fee. If no obligation has occurred within such
period, the certificate of need shall be considered terminated and shall be null and void.
Should the obligation be incurred within such valid period, the certificate of need shall
be continued in effect for a period not to exceed one year or the completion of the construction
project, whichever shall be later, or the inauguration of the service or...
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41-14A-6
Section 41-14A-6 Establishment of SAFE board of directors; powers and duties of the board of
directors. (a) There is hereby established a Board of Directors of the SAFE Program charged
with responsibility and authority to assess and manage the sufficiency of the collateral pool
and the SAFE Program to provide adequate protection from losses to public depositors. In exercising
its powers and performing its responsibilities, the board of directors shall constitute a
body politic under the laws of the state performing the public function of assuring the safety
of public deposits. (b) The State Treasurer shall be a permanent, standing, voting member
of the board of directors and shall serve as its chair. The Superintendent of Banks shall
be a permanent, standing, non-voting member of the board of directors. The remaining six members
shall each possess knowledge, skill, and experience in one or more of the following areas:
(1) Financial analysis. (2) Trend analysis. (3) Accounting. (4)...
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16-6F-6
Section 16-6F-6 Authorization of establishment; Alabama Public Charter School Commission; registration
requirements; powers and duties of authorizers. (a) Eligible authorizing entities. (1) A public
charter school shall not be established in this state unless its establishment is authorized
by this section. No governmental entity or other entity, other than an entity expressly granted
chartering authority as set forth in this section, may assume any authorizing function or
duty in any form. The following entities shall be authorizers of public charter schools: a.
A local school board, for chartering of schools within the boundaries of the school system
under its jurisdiction, pursuant to state law. b. The Alabama Public Charter School Commission,
pursuant to this section. (2) A local school board that registers as an authorizer may approve
or deny an application to form a public charter school within the boundaries of the local
school system overseen by the local school board. (3) All...
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27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama hereby
agrees to the following interstate compact known as the Interstate Insurance Product Regulation
Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of joint and
cooperative action among the compacting states: 1. To promote and protect the interest of
consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
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