5-2A-3
Section 5-2A-3 Superintendent - Qualifications, appointment and term of office; filling of
vacancies. The State Banking Department shall be in the charge of the superintendent, who
shall be the chief executive officer of the department. The superintendent shall be a person
of good character and shall be neither directly nor indirectly interested in, nor borrow money
from, a bank chartered under the laws of this state. Debts of the superintendent existing
at the time of his or her appointment with banks chartered under the laws of this state may
not be extended or renewed. The superintendent shall be appointed by the Governor by and with
the consent of the Senate and his or her salary shall be set by the Governor within a salary
range established by the Banking Board. The salary of any Assistant Superintendent of Banks
shall be set by the Governor within a salary range established by the Banking Board for the
position of Assistant Superintendent of Banks. Sections 36-6-5 and 36-6-6...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-2A-3.htm - 2K - Match Info - Similar pages

5-5A-20
Section 5-5A-20 Branch banks; commercial affiliates. (a) Alabama banks may establish a branch
or office for the transaction of the banking business within the State of Alabama upon prior
approval of the superintendent. Alabama banks may establish a branch or office for the transaction
of a banking business in any state other than Alabama, any territory of the United States,
or in any foreign country in accordance with the provisions of federal law, the laws of the
other state, territory, or foreign country and upon the prior approval of the superintendent.
(b) All laws or parts of laws, whether general, local, or general laws of local applications,
which conflict with this section are hereby repealed to the extent of such conflict. (c) Neither
an Alabama bank nor an out-of-state bank may establish or maintain a branch or office for
the transaction of the banking business in Alabama on the premises of a commercial affiliate
of the bank. For purposes of this section, commercial affiliate...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-5A-20.htm - 1K - Match Info - Similar pages

10A-20-7.14
Section 10A-20-7.14 Tax exemptions, credits, and privileges. Any tax exemptions, tax credits,
or tax privileges granted to banks, savings and loan associations, trust companies, and other
financial institutions by any general laws are granted to corporations organized pursuant
to this article. (Acts 1969, No. 322, p. 681, §18; §10-4-143; amended and renumbered by
Act 2009-513, p. 967, §336.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-20-7.14.htm - 714 bytes - Match Info - Similar pages

5-4A-2
Section 5-4A-2 Applicability of chapter to state and national banks, etc. This chapter shall
be applicable to banks and, to the extent that they are not in contravention of any law or
regulation of the United States, the provisions of this chapter shall apply and inure to the
benefit of national banking associations doing business in this state. (Acts 1980, No. 80-658,
§5-4-2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-4A-2.htm - 686 bytes - Match Info - Similar pages

10A-2A-15.11
Section 10A-2A-15.11 Authority of foreign corporation to act as fiduciary. (a) Any foreign
corporation may act in this state as trustee, personal representative, executor, administrator
of any kind, guardian, conservator, or in any other like or similar fiduciary capacity, whether
the appointment is by law, will, deed, inter vivos trust, mortgage, deed of trust, court order
or otherwise, without the necessity of complying with any law of this state relating to the
qualification of foreign corporations to do business in this state or the licensing of foreign
corporations to do business in this state and notwithstanding any prohibition, limitation,
or restriction contained in any law of this state subject to the following conditions: (1)
The foreign corporation is authorized to act in a fiduciary capacity, or capacities, in the
state in which it is incorporated or, if the foreign corporation is a national banking association
or other corporation organized under the laws of the United...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-15.11.htm - 2K - Match Info - Similar pages

41-16-21.2
Section 41-16-21.2 Exemption of certain departments or agencies whose principal business is
honorariums from competitive bid laws. All laws to the contrary notwithstanding, any state
department or agency whose principal business is honorariums is hereby exempted from the provisions
of the state competitive bid laws on purchases and contracts for services made by such department
or agency. (Acts 1982, No. 82-565; Acts 1989, No. 89-963, p. 1930.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-16-21.2.htm - 753 bytes - Match Info - Similar pages

5-2A-8
Section 5-2A-8 Superintendent - Promulgation and interpretation of regulations. The superintendent
may, with the concurrence of a majority of the members of the State Banking Board or as otherwise
provided in this title, promulgate such reasonable regulations, consistent with the laws of
this state, as may be necessary to carry out the provisions of this title over which the State
Banking Department has jurisdiction. The superintendent shall, in addition, issue written
interpretations of banking laws and regulations. Any bank or bank holding company and any
officer or director thereof relying on any regulation or interpretation shall be fully protected
even though the same shall be thereafter ruled invalid for any reason by a court of competent
jurisdiction. (Acts 1980, No. 80-658, p. 1259, §5-2-10; Acts 1985, No. 85-457, p. 425, §3;
Acts 1995, No. 95-115, p. 134, §69; Act 2013-352, p. 1261, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-2A-8.htm - 1K - Match Info - Similar pages

5-25-2
Section 5-25-2 Definitions. For purposes of this chapter, the following terms shall have the
following meanings: (1) BORROWER. A natural person who submits an application for a loan secured
by a first or subordinate mortgage or deed of trust on a single-family to four-family home
to be occupied by the borrower as the borrower's primary residence. (2) COMMITMENT. A written
statement by a lender that sets forth the terms and conditions upon which the lender is willing
to make a particular mortgage loan to a particular borrower. A good faith estimate provided
under the Federal Real Estate Settlement Procedures Act is not a commitment for the purposes
of Act 2009-624. (3) CONTROL. The direct or indirect possession of the power to direct or
cause the direction of the management and policies of a person, whether through the ownership
of voting securities, by contract, or otherwise, and shall include the terms controlling,
controlled by, and under common control with. (4) DEPARTMENT. The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-25-2.htm - 4K - Match Info - Similar pages

2-6-84
Section 2-6-84 Securities as legal investments. Securities issued by the corporation under
the provisions of this article shall be legal investments for fiduciaries investing trust
funds and for investments by savings banks, savings and loan associations and insurance companies
organized under the laws of the state and shall be eligible to be used as security for the
deposit of funds of the state and its instrumentalities. (Acts 1984, No. 84-252, p. 405, §15.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-6-84.htm - 770 bytes - Match Info - Similar pages

34-15C-16
Section 34-15C-16 Participation in certain business entity relationships.. It shall be lawful
for any person registered pursuant to this chapter to participate as owners with architects
or professional engineers, or both, in partnerships, corporations, professional corporations,
professional associations, and other business entity relationships. Such participation may
include, where applicable, and without limitation, service as an officer, director, shareholder,
voting or nonvoting, and any other participation allowed under the laws of the State of Alabama.
(Act 2010-706, p. 1715, §2(b).)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-15C-16.htm - 904 bytes - Match Info - Similar pages