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19-4-40
Section 19-4-40 Definitions. When used in this article, the following words and phrases
shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) FIDUCIARY. An administrator, an administrator with the will annexed, an administrator
de bonis non, an executor, a trustee, a guardian, a conservator, an agent or a custodian.
(2) FIDUCIARY ACCOUNT. An estate, a trust, a guardianship, a custodianship, an agency or any
other fiduciary relationship, including a custodianship or agency for another fiduciary or
fiduciaries. (3) BANK. A bank or trust company organized and existing under the laws of Alabama
with authority to act as a fiduciary and a national banking association with its principal
office in the State of Alabama and with authority to act as a fiduciary. (4) TREASURY SECURITY.
Any bill, note, bond, certificate of indebtedness or other evidence of indebtedness the principal
and interest of which the United States or any department, agency or...
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5-13B-131
Section 5-13B-131 Establishment of interstate branches in this state by out-of-state
foreign banks. (a) Except as provided in subsection (b), an out-of-state foreign bank may
establish an interstate Alabama state branch in the same manner, including by merger or other
transactions under Section 44 of the Federal Deposit Insurance Act, and comparable
provisions of the laws of this state, with Alabama banks or other institutions, as, and subject
generally to the same criteria, standards, conditions, requirements, and procedures applicable
to the establishment of interstate branches in this state by, an out-of-state bank having
the same home state in the United States, notwithstanding any provision of the laws or regulations
of this state to the contrary. (b) Notwithstanding the provisions of subsection (a), the superintendent:
(1) Shall apply to the establishment of an initial interstate Alabama state branch, and subsequent
intrastate Alabama branches, of any out-of-state foreign bank...
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5-5A-13
Section 5-5A-13 Filing fee; other fees. (a) The Banking Board shall from time to time
fix the amount of the fee for filing an application for a new bank, and for: (1) Establishment
of a branch of an existing bank; (2) Conversion of a national bank to a state bank; (3) A
merger of two or more existing banks; (4) Establishment and operation of any facility authorized
under the provisions of Sections 5-2A-7 and 5-2A-8; (5) Acquisition of a majority of voting
stock of a bank; (6) Any examination necessitated by the foregoing; and (7) Other actions
that require the approval of the superintendent or the Banking Board. (b) All such fees shall
be paid into the special fund set up by the State Treasurer pursuant to Section 5-2A-20.
(Acts 1980, No. 80-658, ยง5-5-13.)...
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19-4-20
Section 19-4-20 Definitions. When used in this article, the following words and phrases
shall have the following meanings, respectively, unless the context clearly indicates otherwise:
(1) FIDUCIARY. An administrator, an administrator with the will annexed, an administrator
de bonis non, an executor, a trustee, a guardian, a conservator, an agent or a custodian.
(2) FIDUCIARY ACCOUNT. An estate, a trust, a guardianship, a custodianship, an agency or any
other fiduciary relationship, including a custodianship or agency for another fiduciary or
fiduciaries. (3) BANK. A bank or trust company organized and existing under the laws of Alabama
with authority to act as a fiduciary and a national banking association with its principal
office in the State of Alabama and with authority to act as a fiduciary. (4) SECURITY. Any
note; stock; treasury stock; bond; debenture; evidence of indebtedness; certificate of interest
or participation in an oil, gas or mining title or lease or in payments out...
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27-29-6
Section 27-29-6 Registered insurers - Examination of records, etc., of insurer or affiliates.
(a) Subject to the limitation contained in this section and in addition to the powers
which the commissioner has under Sections 27-2-7, 27-2-21, 27-2-23, and 27-2-26, relating
to the examination of insurers, the commissioner shall also have the power to examine any
insurer registered under Section 27-29-4 and its affiliates to ascertain the financial
condition of the insurer, including the enterprise risk to the insurer by the ultimate controlling
party, by any entity or combination of entities within the insurance holding company system,
or by the insurance holding company system on a consolidated basis. (b)(1) The commissioner
may order any insurer registered under Section 27-29-4 to produce such records, books,
or other information papers in the possession of the insurer or its affiliates as are reasonably
necessary to determine compliance with this title. (2) To determine compliance with...
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36-16-8
Section 36-16-8 Property Inventory Control Division - Establishment of control of state
personal property; property managers; inventories. The Property Inventory Control Division
shall establish a control in the following manner of all nonconsumable state personal property
not exempt under Section 36-16-11. (1) The head of each department or agency of the
state shall designate one of its employees as property manager for the department or agency.
Except for books, the property manager shall make a full and complete inventory of all nonconsumable
personal property and certain other items of personal property deemed important or sensitive
enough by the Property Inventory Control Division to be included in the inventory of state
property of the value of five hundred dollars ($500) or more owned by the state and used or
acquired by the department or agency. The inventory shall show the complete description, manufacturer's
serial number, cost price, date of purchase, location, and custodial...
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40-21-4
Section 40-21-4 Detailed requirements of reports. Each such report shall show the following
items and particulars as the same stood on the next preceding October 1, together with any
other facts or information that may be called for by said Department of Revenue: (1) The name
and principal place of business of the company, corporation, association, or individual in
whose behalf the statement is made and the character of the business engaged in; (2) If a
company, association or corporation, the state, or government under the laws of which it was
incorporated or authorized to do business, the date of original organization, the date of
reorganization, consolidation, or merger and the purpose of its incorporation as expressed
in its charter or articles of association; (3) The place where all books, papers, and accounts
are kept, and the names and post-office addresses of the president, secretary, treasurer,
superintendent, general manager, general counsel, directors, and all other general...
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41-9-291
Section 41-9-291 Definitions. As used in this division, the following terms shall have
the following meanings: (1) COMMISSION. The Alabama Historical Commission, acting as the custodian
of cultural resources for the State of Alabama. (2) CONTRACTOR. Any individual, company, corporation,
or private or public institution determined by the commission to be appropriately qualified
that has applied for and received a permit or contract from the commission to begin exploration
or excavation activities in state-owned waters. (3) CULTURAL RESOURCES. All abandoned shipwrecks
or remains of those ships and all underwater archaeological treasures, artifacts, treasure
troves, or other cultural articles and materials, whether or not associated with any shipwreck,
that are contained in or on submerged lands belonging to the State of Alabama and the sea
within the jurisdiction of the state, and that have remained unclaimed for more than 50 years,
excluding therefrom sunken logs, cants, and timber...
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45-37A-54.63
Section 45-37A-54.63 Board of directors. Such authority formed under this subpart shall
constitute a public benefit agency of the State of Alabama and shall have a board of directors
of nine members selected as herein provided. Such board of directors shall constitute the
governing body of the authority. The members of the board of directors shall serve without
compensation, except they shall be reimbursed for actual expenses incurred in and about the
performance of their duties hereunder. No member of the board of directors shall be an officer
of the city. The six original and their subsequent directors shall be elected by the governing
body of the city, and they shall be so elected that they shall hold office for staggered terms.
For the purpose of so staggering the terms, the directorships shall be numbered one through
six, inclusive. The first term of office of each director shall be for a number of years corresponding
to the number of the directorship which he or she holds; and,...
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5-3A-33
Section 5-3A-33 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018
REGULAR SESSION, EFFECTIVE APRIL 4, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
Whenever a serviced bank causes to be performed for itself, by contract or otherwise, any
of the covered services listed in this section, the performance, condition, and affairs
of the service provider are subject to regulation and examination to the same extent as if
the services were being performed by the serviced bank itself when deemed necessary by the
superintendent to ensure the safe and sound operation of a serviced bank or serviced banks
or to respond to a danger, or potential danger, to the public welfare. (b) For the purposes
of this section, covered services include all of the following: (1) Data processing
services. (2) Activities that support financial services including, but not limited to, lending,
funds transfer, fiduciary activities, trading activities, and deposit taking. (3) Internet
related services...
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