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27-32-27.1
Section 27-32-27.1 Authority of receivers and federal home loan banks regarding collateral
pledged by insurer members in delinquency proceedings. (a) For purposes of this chapter, the
following terms shall have the following meanings: (1) FEDERAL HOME LOAN BANK or FHLB. A federal
home loan bank established pursuant to the Federal Home Loan Bank Act, 12 U.S.C. Section 1421,
et seq. (2) INSURER MEMBER. An insurer who is a member of a federal home loan bank. (b) Notwithstanding
any other provision of this chapter, the receiver for an insurer member may not void any transfer
of, or any obligation to transfer, money or any other property arising under or in connection
with any federal home loan bank security agreement, or any pledge, security, collateral, or
guarantee agreement, or any other similar arrangement or credit enhancement relating to a
federal home loan bank security agreement made in the ordinary course of business and in compliance
with the applicable federal home loan bank...
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5-3A-2
Section 5-3A-2 Acceptance of examinations and reports of federal bank regulatory agency, etc.
The superintendent is authorized to accept, in his discretion, in lieu of any examination
authorized by the laws of this state to be conducted by his department the examination that
may have been made of same within a reasonable period by a federal bank regulatory agency,
provided a copy of said examination is furnished to said superintendent. Nothing in this section
shall be construed to limit the duty of any banks in this state, deposits in which are to
any extent insured under the provisions of the Federal Deposit Insurance Act or of any amendment
of or substitution for the same, to comply with the provisions of said act, its amendments
or substitutions or the requirements of said corporation relative to examinations and reports,
nor to limit the powers of the superintendent with reference to examinations and reports under
existing law. (Acts 1980, No. 80-658, §5-3-2.)...
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7-4-213
Section 7-4-213 Medium and time of settlement by bank. (a) With respect to settlement by a
bank, the medium and time of settlement may be prescribed by Federal Reserve regulations or
circulars, clearing-house rules, and the like, or agreement. In the absence of such prescription:
(1) The medium of settlement is cash or credit to an account in a Federal Reserve bank of
or specified by the person to receive settlement; and (2) The time of settlement, is: (i)
With respect to tender of settlement by cash, a cashier's check, or teller's check, when the
cash or check is sent or delivered; (ii) With respect to tender of settlement by credit in
an account in a Federal Reserve bank, when the credit is made; (iii) With respect to tender
of settlement by a credit or debit to an account in a bank, when the credit or debit is made
or, in the case of tender of settlement by authority to charge an account, when the authority
is sent or delivered; or (iv) With respect to tender of settlement by a...
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5-10A-1
Section 5-10A-1 Authorization or direction of banks to postpone paying liabilities, segregate
deposits and assets, renew loans, etc. 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 authorized and empowered, in addition to all other
powers now conferred by law upon the superintendent or the Banking Board, or both, whenever
in their judgment the circumstances warrant it, to authorize or direct any and all banks:
(1) To postpone for any length of time the payment of any proportion of deposit or other liabilities,
demand and savings account liabilities and certificate of deposit liabilities to any individual,
firm, corporation or entity as said state officials may deem necessary and expedient, to be
determined by them according to any facts and conditions which in their opinion, for emergency
or other reasons, require such action in each particular...
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8-19A-10
Section 8-19A-10 Financial requirements. (a) An application filed pursuant to Section 8-19A-5
shall be accompanied by: (1) A bond executed by a corporate surety approved by the division
and licensed to do business in this state. (2) An irrevocable letter of credit issued for
the benefit of the applicant by a bank whose deposits are insured by an agency of the federal
government. (3) A certificate of deposit in a financial institution insured by an agency of
the federal government, which may be withdrawn only on the order of the division, except that
the interest may accrue to the applicant. (b) The amount of the bond, letter of credit, or
certificate of deposit shall be a minimum of fifty thousand dollars ($50,000), and the bond,
letter of credit, or certificate of deposit shall be conditioned upon compliance by the applicant
with this chapter. The division may establish a bond of a greater amount to ensure the general
welfare of the public and the interests of the telemarketing...
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14-6-42
Section 14-6-42 Payments for services; recordkeeping. (a) Food and the services for preparing
food, serving food, and other services incident to the feeding of prisoners in the county
jail shall be paid for by the state in the amount of two dollars and twenty-five cents ($2.25)
per day for each prisoner. (b) Payments made by the state pursuant to this section to the
office of the sheriff shall be deposited in a separate account designated the Prisoner Feeding
Fund established in Section 14-6-47. The sheriff shall maintain records of all payments received
and all expenditures made from the Prisoner Feeding Fund, which shall be subject to regular
audit by the Department of Examiners of Public Accounts. Expenditures for the feeding of prisoners
shall be exempt from the competitive bid law. (Acts 1923, No. 528, p. 704; Code 1923, §4827;
Acts 1927, No. 595, p. 693; Code 1940, T. 45, §144; Acts 1945, No. 309, p. 502; Acts 1957,
No. 362, p. 477, §2; Acts 1967, No. 246, p. 626; Acts 1973,...
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30-3-191
Section 30-3-191 Definitions. When used in Sections 30-3-191 to 30-3-199, inclusive, the following
words shall have the following meanings: (1) ACCOUNT. A demand deposit account, checking or
negotiable withdrawal order account, savings account, time deposit account, or money-market
mutual fund account. (2) BUSINESS DAY. A day on which state offices are open for regular business.
(3) COMMERCIAL DRIVER LICENSE. A license issued to an individual that authorizes the individual
to drive a motor vehicle as part of conducting business. (4) CONFIDENTIAL INFORMATION. Information
provided by a service applicant or recipient or obtained from other sources about him or her
which may be released only as required by court order or state or federal law. (5) COURT.
A court of competent jurisdiction or administrative agency having the authority to issue and
enforce support orders. (6) DATA MATCH. An automated process of matching specified information
from the financial records of financial institutions...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/30-3-191.htm - 5K - Match Info - Similar pages
5-13B-110
Section 5-13B-110 Pledge of assets. (a) Each foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency shall keep on deposit, in accordance
with such regulations or orders as the superintendent shall promulgate, with such unaffiliated
Alabama banks as such foreign bank may designate and the superintendent may approve, interest-bearing
stocks and bonds, notes, debentures, or other obligations of the United States or any agency
or instrumentality thereof, or guaranteed by the United States, or of this state, or of a
city, county, town, village, school district, or instrumentality of this state or guaranteed
by this state, or dollar deposits, or obligations of the International Bank for Reconstruction
and Development, or obligations issued by the InterAmerican Development Bank, or obligations
of the Asian Development Bank, or obligations issued by the African Development Bank, or such
other assets as the superintendent shall by regulation or...
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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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11-81-114
Section 11-81-114 Maintenance and disposition of sinking fund account for bond issues; enforcement
of maintenance of accounts, payment of bonds, etc.; disposition of assessments securing bonds
in certain cities. (a) The official charged with the duty of collecting assessments shall
keep all sinking funds in some bank or banks paying interest on time deposits to be designated
by the governing body of said municipality and shall provide and keep a separate sinking fund
account for each bond issue. If said officer shall fail to provide and keep said separate
sinking fund account for each such bond issue in said bank or banks or shall divert any of
such funds to other uses or shall fail to pay any bond or bonds or the interest thereon properly
payable from said funds when available, any taxpayer of the issuing municipality or any holder
of bonds of the series affected by such diversion or failure, whether of bonds heretofore
issued or to be hereafter issued, shall have the right to apply...
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