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5-13B-26
Section 5-13B-26 Examinations; periodic reports; cooperative agreements; assessment of fees.
(a) To the extent consistent with subsection (c), the superintendent may make such examinations
of any branch established and maintained in this state pursuant to this article by an out-of-state
state bank as the superintendent may deem necessary to determine whether the branch is being
operated in compliance with the laws of this state and in accordance with safe and sound banking
practices. The provisions of Chapter 3A, Title 5, shall apply to such examinations. (b) The
superintendent may prescribe requirements for periodic reports regarding any out-of-state
bank that operates a branch in Alabama pursuant to this article. The required reports shall
be provided by such bank or by the bank supervisory agency having primary responsibility for
such bank. Any reporting requirements prescribed by the superintendent under this subsection
shall be (1) consistent with the reporting requirements...
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5-13B-23
Section 5-13B-23 Interstate merger transactions and branching; operation of branches. (a) One
or more Alabama state banks may enter into an interstate merger transaction with one or more
out-of-state banks under this article, and an out-of-state bank resulting from such transaction
may maintain and operate the branches in Alabama of an Alabama state bank that participated
in such transaction, provided that the conditions and filing requirements of this article
are met. (b) Except as otherwise expressly provided in this subsection, an interstate merger
transaction, establishment of a de novo branch, or acquisition of a branch shall not be permitted
under this article if, upon consummation of such transaction, the out-of-state bank, including
all insured depository institutions that would be "affiliates" as defined in 12
U.S.C. §1841(k) of the out-of-state bank, would control 30 percent or more of the total amount
of deposits held by all insured depository institutions in this state....
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5-13B-6
Section 5-13B-6 Standards for approval. (a) In deciding whether to approve an application for
a proposed acquisition under this article, the superintendent shall consider whether the acquisition
may: (1) Be detrimental to the safety and soundness of the Alabama state bank or the Alabama
bank holding company ; (2) Result in a substantial reduction of competition in this state;
or (3) Have a significantly adverse effect on the convenience and needs of the community or
communities in this state that are served by the Alabama state bank or the Alabama bank holding
company to be acquired. (b) Except as otherwise expressly provided in this section, the superintendent
shall not approve an acquisition under this article if upon consummation of the transaction
the applicant, including any depository institution affiliated with the applicant, would control
30 percent or more of the total amount of deposits held by depository institutions in this
state. (c) The superintendent may by regulation,...
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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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-131.htm - 2K - Match Info - Similar pages
5-10A-3
Section 5-10A-3 Declaration of banking holidays; promulgation of emergency rules or regulations.
Whenever, in the opinion of the superintendent it shall be deemed that an emergency exists,
the superintendent with the concurrence of not less than two other members of the Banking
Board, or any three members of the Banking Board without action by said superintendent, shall
be authorized to declare and put into effect a bank holiday for such period as he or they
may deem necessary or to promulgate or approve such emergency rules or regulations with respect
to banking business, practices and transactions within the state or within any community or
locality therein as shall, in his or their opinion, be deemed necessary. Such rules and regulations
shall continue in force for such period as may be fixed by him or them in promulgating the
same and until modified, suspended or terminated as provided in this chapter. (Acts 1980,
No. 80-658, §5-10-3.)...
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5-8A-20
Section 5-8A-20 Proceedings of superintendent before banking board as to defaults or misconduct
of bank. Whenever it shall appear to the superintendent that any bank has violated its charter
or any law of the state, or is conducting business in any unauthorized manner, or that the
bank may suspend payment of its obligations, or if its capital is impaired and not made good
under the requirement of the superintendent within the required time, or if any such bank
or an affiliate of such bank as defined in Section 5-3A-1 shall refuse to submit its papers,
books, and concerns to the inspection of the superintendent or any examiner, or if any officer
thereof shall refuse to be examined on oath touching the conducting of any such bank, or if
any such bank shall suspend payment of its obligations, or if from any examination the superintendent
shall have reason to conclude that such bank is in an unsound or unsafe condition to transact
the business for which it was organized, or that it is...
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5-13B-9
Section 5-13B-9 Agency activities. (a) Any Alabama state bank may, upon compliance with the
requirements of this section, agree to receive deposits, renew time deposits, close loans,
service loans, receive payments on loans and other obligations and, with the prior approval
of the superintendent, perform other services as an agent for any depository institution.
(b) An Alabama state bank that proposes to enter into an agency agreement to perform services
other than those specifically designated in subsection (a) shall file with the superintendent
at least 30 days before the effective date of the agreement: (1) A notice of intention to
enter into such an agency agreement with a depository institution; (2) A description of the
services other than those specifically designated in subsection (a) proposed to be performed
under the agency agreement; and (3) A copy of the agreement. (c) If any proposed service is
not specifically designated in subsection (a) and has not previously been...
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34-32-8
Section 34-32-8 Powers of board generally. The board shall have the following powers: (1) To
adopt and amend all bylaws, rules, and regulations necessary or convenient to administer and
carry out the provisions of this chapter and for the conduct of its affairs and functions
consistent with the Constitution and laws of this state which may be reasonably necessary
for the performance of its duties and the regulation of its proceedings, meetings, records,
examinations, and the conduct thereof, and to adopt and promulgate a code of ethics which
shall be binding upon all persons registered under or subject to this chapter. (2) To affix
its official seal to each numbered certificate issued. (3) To hold hearings, administer oaths,
take and record testimony, to make findings, orders, and determinations which shall be subject
to review by the courts of this state in the manner provided by law from decisions of other
boards and commissions. Upon the failure or refusal of any person to comply...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-32-8.htm - 2K - Match Info - Similar pages
16-47-199
Section 16-47-199 Rules and regulations; punishment of violations; powers of police officers
appointed by university president. The University of Alabama shall have the power and authority
to make, establish and promulgate such reasonable rules and regulations, not in conflict with
the laws of Alabama, which may be deemed for the best interest of the operation, development,
protection, maintenance and management of the University of Alabama Museum, which rules and
regulations shall have the force and effect of law. Such rules and regulations shall be published
in printed form and shall be made available to the general public and visitors to said University
of Alabama Museum. Such rules, so published, shall be received in evidence in any court in
this state without further proof. A violation of any rule or regulation made, established
or promulgated in accordance with the provisions of this article shall be a misdemeanor. All
persons appointed as police officers by the president of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-47-199.htm - 1K - Match Info - Similar pages
5-7A-62
Section 5-7A-62 Application to convert charter; written plan of conversion; authorizing resolution;
submission to superintendent; fee; tentative approval; vote of stockholders or members; directors;
articles of incorporation and bylaws; statement of superintendent's objections; amendment;
appeal of disapproval; application to FDIC; final approval and permit. Any savings institution
may apply to the superintendent for permission to convert its charter in order to do business
as a state chartered bank in accordance with the following procedures: (1) The board of directors
shall approve a written plan of conversion, the application for conversion and shall adopt
an authorizing resolution, all by a vote of a majority of all the directors. The plan of conversion
shall include a statement of: a. The proposed organization and management structure of the
resulting bank if the application were approved, and the proposed name under which it would
do business as a bank; b. The method and time...
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