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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41-22-19
Section 41-22-19 Grant, denial, renewal, etc., of licenses. (a) The provisions of this chapter
concerning contested cases shall apply to the grant, denial, revocation, suspension, or renewal
of a license. (b) When a licensee has made timely and sufficient application for the renewal
of a license or a new license with reference to any activity of a continuing nature, the existing
license does not expire until the application has been finally determined by the agency, and,
in case the application is denied or the terms of the new license limited, until the last
day for seeking review of the agency order or a later date fixed by order of the reviewing
court. (c) No revocation, suspension, or withdrawal of any license is lawful unless, prior
to the institution of agency proceedings, the agency gave notice by certified mail to the
licensee of facts or conduct which warrant the intended action, and the licensee was given
an opportunity to show compliance with all lawful requirements for the...
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5-13B-106
Section 5-13B-106 Books, accounts, and records. Each foreign bank which is licensed to establish
and maintain an Alabama state branch, Alabama state agency, or Alabama representative office
shall maintain or make available at any such office appropriate books, accounts, and records
reflecting (1) all transactions effected by or on behalf of such office and (2) all actions
taken in this state by employees of the foreign banking corporation located in this state
to effect transactions on behalf of any office of such foreign bank located outside this state.
(Acts 1995, No. 95-115, p. 134, §54.)...
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5-13B-5
Section 5-13B-5 Required application. (a) A company that proposes to make an acquisition under
this article shall: (1) File with the superintendent a copy of the application that such company
has filed with the responsible federal bank supervisory agency together with such additional
information as the superintendent may prescribe; and (2) Pay to the superintendent the application
fee, if any, prescribed by the superintendent. (b) To the extent consistent with the effective
discharge of the superintendent's responsibilities, the forms established under this article
for application and reporting shall conform to those established by the Board of Governors
of the Federal Reserve System under the Bank Holding Company Act. (c) In connection with an
application received under this article, the superintendent shall require that prior notice
of the application be published one time in a daily newspaper of general circulation and provide
an opportunity for public comment. (d) If the applicant...
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5-5A-1
Section 5-5A-1 Procedure for incorporation - Application for permit. (a) The proposed incorporators
of a bank shall execute and acknowledge an application for a permit in writing in the form
prescribed by the superintendent and shall file the same in the office of the State Banking
Department, which application shall be signed by all of the incorporators requesting a certificate
authorizing the proposed bank to transact business at the place, time and under the name stated
in said application. (b) At the time of filing said application, the applicant shall pay to
the superintendent a filing fee. (c) The application shall name at a minimum five directors,
and a majority of all directors shall be outside directors unless a written waiver is obtained
from the superintendent. A director shall be deemed to be an outside director if the director
will not serve as an officer, other than the chair, or an employee of the bank. (d) The application
shall name a chair, chief executive officer, a...
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5-13B-111
Section 5-13B-111 Asset maintenance. (a) Each foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency shall hold in this state currency,
bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness, including
loan participation agreements or certificates, or other obligations payable in the United
States or in United States funds or, with the prior approval of the superintendent, in funds
freely convertible into United States funds, or such other assets as the superintendent shall
by regulation or order permit, in an amount which shall bear such relationship as the superintendent
shall by regulation or order prescribe to liabilities of such foreign bank payable at or through
its Alabama state branch or Alabama state agency, including acceptances, but excluding amounts
due and other liabilities to other offices, agencies, or branches of, and wholly owned, except
for a nominal number of directors' shares,...
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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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5-13B-22
Section 5-13B-22 Establishment of interstate branches by acquisition or merger; branching.
With the prior approval of the superintendent, an Alabama state bank may establish, maintain,
and operate one or more branches in a state other than Alabama or a foreign country on a de
novo basis, by acquisition of a branch, or pursuant to an interstate merger transaction in
which the Alabama state bank is the resulting bank. For an interstate merger transaction and
not later than the date on which the required application for the interstate merger transaction
is filed with the responsible federal bank supervisory agency, the applicant Alabama state
bank shall file an application on a form prescribed by the superintendent and pay the fee
prescribed by the superintendent. The applicant shall also comply with the applicable provisions
of Alabama law governing mergers of Alabama state banks. If the superintendent finds that
(1) the proposed interstate merger transaction will not be detrimental to...
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5-5A-11
Section 5-5A-11 Permit to transact business - Examination; issuance and recordation of permit.
The superintendent shall, before issuing his permit to any bank to commence business under
the application provided for in Section 5-5A-1, examine or cause an examination to be made
in order to ascertain whether the requisite capital of such bank has been paid in cash. If
the superintendent shall find that the requisite capital has been paid in cash, that the certificate
of incorporation has been approved and recorded and that all other requirements for the issuance
of the permit have been met, he shall issue his permit authorizing such bank to commence business
at the place, time and under the name as stated in the application for the permit and to transact
business in this state as a bank, which permit shall be recorded in the office of the superintendent
in a book to be kept by him for that purpose, and a certified copy thereof shall be filed
and recorded at the expense of the bank in the...
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15-13-215
Section 15-13-215 Suspension, revocation, etc., of license; renewal of suspended license. (a)
The board may suspend, revoke, or refuse to issue or renew any license issued by it upon finding
that the holder or applicant has committed any of the following acts: (1) A violation of this
article or any rule adopted pursuant to this article. (2) Fraud, deceit, or misrepresentation
regarding an application or license. (3) Knowingly and willfully making a material misstatement
in connection with an application for a license or renewal. (4) A conviction by a court of
competent jurisdiction of a felony. (5) A conviction by a court of competent jurisdiction
of a Class A misdemeanor, if the board finds that the conviction reflects unfavorably on the
fitness of the individual for the license. (6) The commission of any act which would have
been cause for refusal to issue the license or identification card had it existed and been
known to the board at the time of issuance. (b) A license may be...
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