5-5A-14
Section 5-5A-14 Capital - Minimum amount required for incorporation of bank. (a) No
bank hereafter organized under the laws of Alabama shall have total initial capital accounts
actually paid in of less than $800,000.00. (b) The superintendent may require a higher amount
of capital accounts and where the bank will have no significance except as a means of acquiring
the assets or the voting shares of an existing bank, the superintendent may require a lesser
amount of capital accounts. (Acts 1980, No. 80-658, §5-5-14.)...
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5-13B-29
Section 5-13B-29 Notice of subsequent merger, etc. Each out-of-state state bank that
has established and maintains a branch in this state pursuant to this article, or the home
state regulator of such bank, shall give at least 30 days' prior written notice to the superintendent,
or, in the case of an emergency transaction, such shorter notice as is consistent with applicable
state or federal law, of any merger, consolidation, or other transaction that would cause
a change of control with respect to such out-of-state state bank or any bank holding company
that controls such bank, with the result that an application would be required to be filed
pursuant to the federal Change in Bank Control Act of 1978, as amended, 12 U.S.C. §1817(j),
or the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. §§1841 et seq., or
any successor statutes thereto. (Acts 1995, No. 95-115, p. 134, §21.)...
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5-11A-4
Section 5-11A-4 Use of word "trust" in designation or name of entity. Except
in the case of any entity which is organized and operating under the laws of Alabama, other
states, or the United States as a trust company or as a combined bank and trust company and
which has complied with the requirements of Sections 5-11A-1 and 5-11A-3 or with similar laws
of other states or of the United States, no firm, partnership, limited liability company,
corporation, or other entity shall use the word "trust" or a word or words of similar
meaning in any foreign language as a part of its designation or name or in connection with
its business if such use of the word "trust" or word or words of similar meaning
in any foreign language is likely to give the impression that the entity is lawfully organized
and operating as a bank or trust company or would otherwise mislead or confuse the public
regarding the lawful business of the entity. Any violation of this section shall subject
the party chargeable...
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5-13B-113
Section 5-13B-113 Suspension or revocation of license; factors. If, after notice and
a hearing, the superintendent finds any of the following with respect to a foreign bank which
is licensed to establish and maintain an Alabama state branch or Alabama state agency, he
or she may issue an order suspending or revoking the license of such foreign bank: (1) That
the foreign bank has violated any provision of this article or of any regulation or order
issued under this article or any provision of any other applicable law, regulation, or order;
(2) That the foreign bank is transacting activities in this state in an unsafe or unsound
manner or, in any case, is transacting activities elsewhere in an unsafe or unsound manner;
(3) That the foreign bank or any one or more of its Alabama state branches or Alabama state
agencies is in an unsafe or unsound condition; (4) That the foreign bank has ceased to operate
any of its offices in this state without the prior approval of the superintendent in...
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5-13B-26
Section 5-13B-26 Examinations; periodic reports; cooperative agreements; assessment
of fees. (a) To the extent consistent with subsection (c), the superintendent may make such
examinations of any branch established and maintained in this state pursuant to this article
by an out-of-state state bank as the superintendent may deem necessary to determine whether
the branch is being operated in compliance with the laws of this state and in accordance with
safe and sound banking practices. The provisions of Chapter 3A, Title 5, shall apply to such
examinations. (b) The superintendent may prescribe requirements for periodic reports regarding
any out-of-state bank that operates a branch in Alabama pursuant to this article. The required
reports shall be provided by such bank or by the bank supervisory agency having primary responsibility
for such bank. Any reporting requirements prescribed by the superintendent under this subsection
shall be (1) consistent with the reporting requirements...
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5-13B-82
Section 5-13B-82 Application to establish and maintain a branch or agency - Contents.
(a) A foreign bank, in order to procure a license under this article to establish and maintain
an Alabama state branch or Alabama state agency shall submit an application to the superintendent.
Such application shall contain: (1) The same information as required by the Board of Governors
of the Federal Reserve System for an application to establish a branch or agency, as the case
may be, in the United States; and (2) Such additional information as the superintendent may
require by regulation or order. (b) In addition to the information required to be included
in an application for a license to establish and maintain an Alabama state branch or Alabama
state agency listed in subsection (a), the superintendent may as he or she deems necessary
or appropriate require a foreign bank to include as part of such an application an instrument
irrevocably appointing the superintendent and his or her successors in...
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5-13B-83
Section 5-13B-83 Application to establish and maintain a branch or agency - Manner of
filing and determination. (a) A foreign bank making an application under this article for
a license to establish and maintain an Alabama state branch or Alabama state agency shall
deliver to the superintendent: (1) At least two, or more as the superintendent may require
by regulation, duplicate originals of the foreign bank's application; and (2) At least two,
or more as the superintendent may require by regulation, copies of its charter or articles
of incorporation and all amendments thereto, duly authenticated by the proper officer of the
country of such foreign bank's organization. (b) The superintendent shall issue a license
to a foreign bank to establish and maintain an Alabama state branch or Alabama state agency
if he or she finds that: (1) The foreign bank is of good character and sound financial standing;
(2) The management of the foreign bank and the proposed management of the Alabama state...

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16-22-4
Section 16-22-4 Surety bonds. All bonds of officials and employees required under the
provisions of this title shall be executed by a surety company authorized to do business in
Alabama and, unless otherwise provided, approved by the State Superintendent of Education.
The said bonds shall, unless otherwise provided, be filed in the office of the Department
of Education in Montgomery, unless otherwise instructed by the State Board of Education. In
all cases where bonds are not filed in the office of the Department of Education, certified
copies thereof shall be filed in such department. (School Code 1927, §587; Code 1940, T.
52, §535.)...
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5-13B-86
Section 5-13B-86 Powers of branch and agency. (a) Except as otherwise specifically provided
in this division or in regulations or orders adopted by the superintendent, and notwithstanding
any other law or regulation of this state to the contrary, operations of a foreign bank at
an Alabama state branch or Alabama state agency shall be conducted with the same rights, privileges,
and powers as an Alabama state bank at the same location, including, but not limited to, the
eligibility to exercise fiduciary or trust powers, and shall be subject to all the same duties,
restrictions, penalties, liabilities, conditions, and limitations that would apply under the
laws of this state to an Alabama state bank doing business at the same location. (b) Among
other exceptions to the provisions of subsection (a) that may be required or authorized by
the superintendent pursuant to the provisions of this division: (1) An Alabama state branch
that was not grandfathered as an "insured branch" within the...
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39-7-22
Section 39-7-22 Powers generally; consent of Department of Finance required for issuance
or sale of bonds or other evidence of indebtedness by authority. (a) Subject only to the Constitution
of the State of Alabama, each authority incorporated under this chapter shall have power:
(1) To sue and be sued; (2) To have a seal and alter the same at pleasure; (3) To acquire,
by purchase, gift, devise, lease or exercise of the power of eminent domain or other mode
of acquisition, hold and dispose of property real and personal, tangible and intangible, and
interests therein in its own name, subject to mortgages or other liens or otherwise, and to
pay therefor in cash or on credit and to secure and procure payment of all or any part of
the purchase price thereof on such terms and conditions as it shall determine; (4) To make
and enter into contracts, indentures of trust, leases and bonds; (5) To borrow money and to
issue negotiable bonds and provide for the rights of the holders thereof; (6) To...
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