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5-17-29
Section 5-17-29 Penalties - Concealment of discounts or loans. Any officer, director,
employee, or committee member of a credit union who intentionally conceals from the directors
or a committee of such credit union any discount or loan made for and in behalf of the credit
union between the regular meetings of its board of directors or credit committee is guilty
of a Class C misdemeanor. (Acts 1989, No. 89-632, p. 1241, §3.)...
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5-17-30
Section 5-17-30 Penalties - Overdraws; receipt of commission, emolument, etc., for procuring
loans. Any officer, director, committee member, or employee of a credit union who willfully
and knowingly overdraws his own account with such credit union and thereby obtains money or
funds of any such credit union except as specifically permitted by the written loan policy
of the board of directors or asks, receives, consents or agrees to receive any commission,
emolument, gratuity, or reward or any promise of any commission, emolument or reward, or any
money, property or thing of value or of personal advantage in procuring or endeavoring to
procure for any person, firm or corporation any loan from or the purchase or discount of any
paper, note, draft check or bill of exchange by any such credit union is guilty of a Class
C misdemeanor. (Acts 1989, No. 89-632, p. 1241, §4.)...
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5-17-32
Section 5-17-32 Penalties - False or omitted entries. Any director, officer, committee
member or employee of a credit union who with intent to defraud makes or concurs in making
any false entry, or with intent to defraud omits or concurs in omitting to make any material
entry on its books and accounts, shall be guilty of a Class C felony. (Acts 1989, No. 89-632,
p. 1241, §6.)...
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5-17-31
Section 5-17-31 Penalties - Receipt of property other than in payment for just demand.
Any director, officer, committee member, or employee of a credit union who knowingly receives
or possesses himself of any of its property otherwise than in payment for a just demand and
with intent to defraud shall be guilty of a Class C felony. (Acts 1989, No. 89-632, p. 1241,
§5.)...
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5-6A-21
Section 5-6A-21 Concealment of loans, purchase or sale of security, etc. Any officer
or employee of a bank who intentionally conceals from the directors or a committee of such
bank where the directors have delegated authority to a committee to pass on loans and discounts,
any discount or loan made for and in behalf of the bank between the regular meetings of its
board of directors or committee or the purchase or the sale of any of its securities during
the same period is guilty of a misdemeanor. (Acts 1980, No. 80-658, §5-6-21.)...
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5-17-8
Section 5-17-8 Reports to Administrator of Alabama Credit Union Administration; powers
of administrator. (a) Credit unions shall report to the Administrator of the Alabama Credit
Union Administration at least annually on or before January 31 in such manner and form as
required by the administrator for that purpose. Additional reports may be required. Credit
unions shall be examined at least every 18 months by employees of the administration or by
other persons designated by the administrator. For failure to file reports when due, unless
excused for cause by the administrator, the credit union shall pay to the State Treasurer
five dollars ($5) for each day of its delinquency. (b) If the administrator determines that
the credit union is violating this chapter, or is insolvent, the administrator may suspend
operations of the credit union by issuing an order requiring that the credit union cease operations
pending a hearing on the revocation of the certificate of approval, or the...
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36-25-1
Section 36-25-1 Definitions. Whenever used in this chapter, the following words and
terms shall have the following meanings: (1) BUSINESS. Any corporation, partnership, proprietorship,
firm, enterprise, franchise, association, organization, self-employed individual, or any other
legal entity. (2) BUSINESS WITH WHICH THE PERSON IS ASSOCIATED. Any business of which the
person or a member of his or her family is an officer, owner, partner, board of director member,
employee, or holder of more than five percent of the fair market value of the business. (3)
CANDIDATE. This term as used in this chapter shall have the same meaning ascribed to it in
Section 17-5-2. (4) COMMISSION. The State Ethics Commission. (5) COMPLAINT. Written
allegation or allegations that a violation of this chapter has occurred. (6) COMPLAINANT.
A person who alleges a violation or violations of this chapter by filing a complaint against
a respondent. (7) CONFIDENTIAL INFORMATION. A complaint filed pursuant to this...
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10A-1-1.03
Section 10A-1-1.03 Definitions. As used in this title, unless the context otherwise
requires, the following terms mean: (1) AFFILIATE. A person who controls, is controlled by,
or is under common control with another person. An affiliate of an individual includes the
spouse, or a parent or sibling thereof, of the individual, or a child, grandchild, sibling,
parent, or spouse of any thereof, of the individual, or an individual having the same home
as the individual, or a trust or estate of which an individual specified in this sentence
is a substantial beneficiary; a trust, estate, incompetent, conservatee, protected person,
or minor of which the individual is a fiduciary; or an entity of which the individual is director,
general partner, agent, employee or the governing authority or member of the governing authority.
(2) ASSOCIATE. When used to indicate a relationship with: (A) a domestic or foreign entity
for which the person is: (i) an officer or governing person; or (ii) a beneficial...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-1-1.03.htm - 25K - Match Info - Similar pages
40-27-1
Section 40-27-1 Compact adopted; terms. The following Multistate Tax Compact is hereby
approved, adopted and enacted into law by the State of Alabama: Multistate Tax Compact Article
I. Purposes. The purposes of this compact are to: 1. Facilitate proper determination of state
and local tax liability of multistate taxpayers, including the equitable apportionment of
tax bases and settlement of apportionment disputes. 2. Promote uniformity or compatibility
in significant components of tax systems. 3. Facilitate taxpayer convenience and compliance
in the filing of tax returns and in other phases of tax administration. 4. Avoid duplicative
taxation. Article II. Definitions. As used in this compact: 1. "State" means a state
of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory
or possession of the United States. 2. "Subdivision" means any governmental unit
or special district of a state. 3. "Taxpayer" means any corporation, partnership,
firm,...
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5-17-17
Section 5-17-17 Loans to members, directors, officers, etc. Loans are made subject to
the conditions contained in the bylaws. A borrower may repay his loan in whole or in part
any day the office of the credit union is open for business. Provided that loans to directors,
officers or members of a committee are not prohibited in the bylaws, it shall be the duty
of the board of directors to establish a written policy concerning loans to a director, officer
or member of a committee. If it is the policy of the credit union to make directors, officers
and members of a committee eligible for loans, such loans will be made under the same terms,
conditions and rules as similar loans to other members. In no case may the credit committee
make a loan to a director, officer or member of a committee under the terms more favorable
than the terms of similar loans to other members. The credit committee shall at least monthly
submit to the board of directors a listing of all loans made to directors,...
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