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5-13B-62
Section 5-13B-62 Citizenship and residency requirements for directors of state banks. Notwithstanding
any other provision of the laws and regulations of this state, the citizenship and residency
requirements otherwise applicable to members of the board of directors of any Alabama bank
may, in the case of an Alabama bank which is a subsidiary or affiliate of a foreign bank,
be waived by the superintendent in his or her discretion upon application by the controlling
shareholder of the Alabama bank; provided that at least a majority of the directors shall
be citizens of the United States and at least 25 percent of the directors shall be residents
of this state. (Acts 1995, No. 95-115, p. 134, §27.)...
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9-15-44
Section 9-15-44 Exchanges of school lands. The Commissioner of Conservation and Natural Resources
is hereby authorized to exchange school lands for other lands of equal value, with the approval
of the Governor and the State Superintendent of Education. The Commissioner of Conservation
and Natural Resources shall have the title to the land to be received by the state examined;
and, if in his opinion said title is without defect, he shall so certify to the Governor and,
provided the Governor and the State Superintendent of Education approve, the Governor shall
cause patents to be issued to those exchanging said lands. Such patent shall vest a fee simple
title in the grantee named therein. The title to the land received in exchange for school
land shall be in the State of Alabama in trust for the use of schools and shall be classified
as school land as defined by law. (Acts 1939, No. 581, p. 949, §12; Code 1940, T. 8, §244.)...
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10A-10-1.15
Section 10A-10-1.15 Merger. (a) For purposes of this section, the following words shall have
the respective meanings ascribed to them: (1) ALABAMA REAL ESTATE INVESTMENT TRUST. A real
estate investment trust organized in compliance with the provisions of this chapter. (2) BUSINESS
TRUST. a. An entity described in Section 10A-16-1.01. b. An unincorporated trust or association,
including an Alabama real estate investment trust, a common-law trust, or a Massachusetts
trust, which is engaged in business and in which property is acquired, held, managed, administered,
controlled, invested, or disposed of for the benefit and profit of any person who may become
a holder of a transferable unit of beneficial interest in the trust. (3) DOMESTIC LIMITED
LIABILITY COMPANY. A limited liability company as defined under the Alabama Limited Liability
Company Law. (4) DOMESTIC LIMITED PARTNERSHIP. A limited partnership as defined under the
Alabama Limited Partnership Law. (5) FOREIGN BUSINESS TRUST. A...
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16-13-4
Section 16-13-4 Diversion of funds; payment of debt obligations. (a) It shall be unlawful for
any official in the State of Alabama having the custody of, or in any manner connected with
the handling or having the authority to direct the use of any of the public school funds arising
under the provisions of Sections 257, 258, 259 and 260 of the Constitution of Alabama to knowingly
or intentionally divert or permit to be diverted or to use or permit the use of these funds
or any part thereof for any purpose whatsoever except for the uses and purposes as set out
in these sections of the constitution, and such official violating this section shall be guilty
of a misdemeanor and, upon conviction, shall be fined not less than five hundred dollars ($500)
nor more than one thousand dollars ($1,000), and the Attorney General may also institute impeachment
proceedings against such official. (b) Nothing contained in this section shall be so construed
as to affect any appropriation heretofore made...
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16-6G-3
Section 16-6G-3 Task force to make recommendations; membership; meetings; approved systems.
(a) The State Superintendent of Education shall convene a standing task force by December
1, 2019, to provide recommendations for comprehensive core reading and reading intervention
programs, a state continuum of teacher development for approved science of reading pursuant
to subsection (e) of Section 16-6G-6, and an annual list of vetted and approved assessments
that are valid and reliable reading screening, formative, and diagnostic assessment systems
for selection and use by local education agencies. The task force shall meet in regular session
at least twice a year. All appointing authorities shall coordinate their appointments so that
diversity of gender, race, and geographical areas is reflective of the makeup of this state.
The membership of the task force shall include all of the following appointees, each of whom
shall have at least three years of experience with scientifically based...
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21-1-26
Section 21-1-26 Approval of book shipments; payment. The President of the Alabama Institute
for Deaf and Blind, upon receipt of any shipment of books as provided herein, shall determine
if the shipment is in accordance with the invoices or bills. If in accordance he shall approve
and receipt the invoice, one copy of which he shall send to the State Superintendent of Education
and one copy to the publisher. Upon approval of the State Superintendent of Education, payment
shall be made for such purchase and charged against the portion of the state textbook fund
which has been credited to the Alabama Institute for Deaf and Blind as provided by law. (Acts
1983, 4th Ex. Sess., No. 83-920, §3.)...
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34-27-32
Section 34-27-32 Requirements for license; application; place of business; branch offices;
multiple brokers; fees. (a) A license for a broker or a salesperson shall be registered to
a specific real estate office and shall be issued only to, and held only by, a person who
meets all of the following requirements: (1) Is trustworthy and competent to transact the
business of a broker or salesperson in a manner that safeguards the interest of the public.
(2) Is a person whose application for real estate licensure has not been rejected in any state
on any grounds other than failure to pass a written examination within the two years prior
to the application for real estate licensure with Alabama. If the applicant's rejection for
real estate licensure in any state is more than two years from the date of application for
licensure with Alabama, then the applicant may not be issued an Alabama real estate license
without the approval of the commissioners. (3) Is a person whose real estate license...
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45-13-40
Section 45-13-40 Branch banks authorized. Any bank, either incorporated or unincorporated,
which is established in Clarke County, shall have the power to establish, to maintain, and
to operate within the same city or town or within other communities, one or more branches
or branch banks, branch offices, branch agencies, additional offices, or branch places of
business for the receipt of deposits, payment of checks, lending of money, and the conduct
of a general banking business, provided that such bank, before establishment of any such branch
or branches, shall first secure the written consent of the State Superintendent of Banks or
the Comptroller of the Currency, as the case may require. (Act 83-692, p. 1134, §1.)...
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45-14-40
Section 45-14-40 Branch banks authorized. Any bank, either incorporated or unincorporated,
which is established in Clay County, shall have the power to establish, to maintain, and to
operate within the same city or town or within other communities in Clay County, one or more
branches or branch banks, branch offices, branch agencies, additional offices, or branch places
of business for the receipt of deposits, payment of checks, lending of money, and the conduct
of a general banking business, provided that such bank, before establishment of any such branch
or branches, shall first secure the written consent of the State Superintendent of Banks or
the Comptroller of the currency, as the case may require. (Act 87-320, p. 435, §1.)...
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45-43-40
Section 45-43-40 Branch banking. Any bank, either incorporated or unincorporated, whose principal
place of business is located in Lowndes County shall have the power to establish, to maintain,
and to operate within the limits or boundaries of the county one or more branches or branch
banks, branch offices, branch agencies, additional offices, or branch places of business for
the receipt of deposits, payment of checks, lending of money, and the conduct of a general
banking business, provided that such bank, before establishment of any such branch or branches,
shall first secure the written consent of the State Superintendent of Banks. (Act 90-309,
p. 425, § 1.)...
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