5-2A-40
Section 5-2A-40 Composition of Banking Board; chairman; appointment and terms of office of
members. There shall be a Banking Board, which shall consist of the superintendent, who shall
be ex officio a member and chairman of the board, and six persons who shall be appointed by
the Governor, by and with the consent of the Senate. At the time of appointment members shall
reside in different congressional districts. Members of the Banking Board shall be appointed
for terms of six years each so that the terms of two of the six appointed members will expire
on February 1 of each odd-numbered year. Upon the expiration of their terms of office, members
of the board shall continue to serve until their successors are appointed and have qualified.
(Acts 1980, No. 80-658, §5-2-40.)...
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9-13-249
Section 9-13-249 Refusal or recall of permits, etc. (a) The commissioner shall have the power
to refuse to issue a permit or certificate or to recall any permit or certificate already
issued when he shall have reasonable cause to believe that the applicant for or holder of
said permit or certificate may have or has violated this article or regulations promulgated
hereto. (b) Appeals from the action of the commissioner in refusal to issue or recall any
certification or permit shall be heard by the board. Notice of an appeal to the board must
be received by the commissioner in writing within 10 days of receiving notice of the commissioner's
action. The board shall hear the appeal at its next scheduled meeting, but in no circumstances
more than 30 days from the date the commissioner receives the notice of the appeal. The action
of the commissioner shall not be stayed pending an appeal before the board. (c) Appeals from
action by the board shall be conducted as provided under the Alabama...
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5-5A-5
Section 5-5A-5 Procedure for incorporation - Filing of objections to incorporation of proposed
bank; investigation of objections. Any bank doing business in the community or any reputable
citizen in the community may file with the superintendent an objection to the incorporation
of the proposed bank, provided that the superintendent may refuse to accept objections after
15 days from the last date of publication of the notice of intention to incorporate. If such
objection is filed, the superintendent shall thoroughly and specifically inquire into and
investigate the objections. The superintendent in his investigation may summon witnesses to
appear before him, and may administer oaths to such witnesses, and may examine such witnesses
under oath. The superintendent may in his discretion disclose in confidence to the proposed
incorporators such information which relates to the proposed bank as he deems appropriate
and the superintendent and employees of the Banking Department shall be...
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15-18-179
Section 15-18-179 Application for incorporation; certificate of incorporation; amendment; board
of directors; dissolution; funding; competitive bidding laws not applicable. (a) A public
corporation may be organized as a community punishment and corrections authority pursuant
to this article in any county or group of counties located in one or more judicial circuits.
In order to incorporate the public corporation, any number of natural persons, not less than
three, who are duly qualified electors of a proposed county or counties shall first file a
written application with the county commission or any two or more thereof. The application
shall contain all of the following: (1) The names of each county commission with which the
application is filed. (2) A statement that the applicants propose to incorporate an authority
pursuant to this article. (3) The proposed location of the principal office of the authority.
(4) A statement that each of the applicants is a duly qualified elector of...
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27-27-42
Section 27-27-42 Deficiencies in stock insurer's capital or assets of mutual insurers - Curing
of deficiency. Any insurer receiving the commissioner's notice mentioned in Section 27-27-41:
(1) If a stock insurer and if its articles of incorporation and laws of this state so permit,
by resolution of its board of directors and subject to any limitations upon assessment contained
in its articles of incorporation, may assess its stockholders for amounts necessary to cure
the deficiency and provide the insurer with a reasonable amount of surplus in addition. If
any stockholder fails to pay a lawful assessment after notice given to him in person or by
advertisement in such time and manner as approved by the commissioner, the insurer may require
the return of the original certificate of stock held by the stockholder and, in cancellation
and in lieu thereof, issue a new certificate for such number of shares as the stockholder
may then be entitled to, upon the basis of the stockholder's...
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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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5-2A-12
Section 5-2A-12 Superintendent - Order to correct unsafe and unsound matters; penalties; procedure.
(a) For purposes of this section, a bank holding company is a holding company organized under
the laws of Alabama or another state in the United States that directly owns a majority of
the voting securities of an Alabama state bank. (b) The superintendent may order a bank, a
bank holding company, the board of directors, any director or directors, and any officer or
officers of any bank or bank holding company, individually or collectively (hereafter affected
person, whether one or more) to correct any matters in the conduct of the affairs of the bank
which in the opinion of the superintendent are unsafe and unsound. The Banking Board, after
at least 20 days' written notice by the superintendent to the bank and any affected person,
and a hearing before the Banking Board, may direct the superintendent to issue an order that
imposes civil money penalties on the bank or bank holding company...
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34-24-166
Section 34-24-166 Refusal, revocation, or suspension - Grounds; rules; disciplinary action.
(a) The State Board of Chiropractic Examiners may refuse to grant a license or permit to any
applicant who is not of good moral character and reputation or has a history of narcotic addiction
or has previously been convicted of a felony or any crime of moral turpitude or has previously
been diagnosed as having a psychopathic disorder. (b) The State Board of Chiropractic Examiners
may invoke disciplinary action as outlined in subsection (c) whenever the licensee or permit
holder shall be found guilty of any of the following: (1) Fraud in procuring a license or
permit, or any fraud in obtaining money or other thing of value. (2) Immoral conduct. (3)
Unprofessional conduct. (4) Habitual intoxication or addiction to the use of drugs. (5) Conviction
of a felony or any crime of moral turpitude. (6) Conviction for violation of any narcotic
or controlled substance statute. (7) Unlawful invasion of the...
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2-19-63
Section 2-19-63 Enforcement of rules and regulations, etc.; denial or revocation of permits.
(a) It shall be the duty of the commissioner to enforce the requirements of law relative to
cotton gins and to see that all rules and regulations relative to cotton gins that may be
established from time to time by him and approved by the State Board of Agriculture and Industries
are observed. (b) The said commissioner shall have power to refuse to issue a permit and to
revoke at any time the permit that has been issued to any cotton ginner who fails or refuses
to comply with the law or with the rules and regulations of the State Board of Agriculture
and Industries. (c) Any cotton ginner to whom such commissioner refuses to issue a permit
or whose permit has been revoked may appeal to the State Board of Agriculture and Industries,
which shall consider the matter with as little delay as possible and make such order as may
be justified by the facts. (d) The action of the board in refusing to...
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5-2A-13
Section 5-2A-13 Superintendent - Annual report to Governor; publication and distribution, etc.
The superintendent shall make from the reports of the department during the year an annual
report to the Governor on the activities of the banking department and such other information
as the Governor may request and shall keep on file as a public record in the superintendent's
office a copy thereof. The board may print for public distribution such annual report and
such other material as it deems suitable for the more effective administration of departmental
business. (Acts 1980, No. 80-658, §5-2-15.)...
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