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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27-35-7
Section 27-35-7 Conversion into stock or mutual life insurance company - Provisions for certificate
holders to subscribe to stock. If the fraternal benefit society is to be converted into a
stock life insurer, the plan of conversion shall make reasonable provisions under which each
adult certificate holder of the society shall have the preemptive right to subscribe to and
purchase that proportion of the total authorized capital which the amount of his insurance
bears to the society's total insurance in force at a date to be specified in such plan; except,
that if more than 75 percent of the society's adult certificate holders are residents of this
state, such preemptive right may, in the commissioner's discretion, under the plan be limited
to such residents. (Acts 1927, No. 537, p. 624; Acts 1971, No. 407, p. 707, §733.)...
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5-5A-27
Section 5-5A-27 Loans secured by own stock; purchase of own stock; ownership of capital stock
of other banks. No bank shall make a loan taking its own stock as security therefor or directly
or indirectly purchase shares of its own stock, except in pursuance of provisions of law for
reducing its capital stock. No bank shall subscribe for or own capital stock in any other
bank except in the usual course of business in payment of an indebtedness or in order to prevent
a loss on a debt owing to it and the bank must sell said stock within one year from the time
the same is acquired unless this time period is extended by the superintendent; provided,
however, that nothing in this section shall prohibit the ownership by any bank of any stock
in another bank acquired prior to May 28, 1980. (Acts 1980, No. 80-658, §5-5-27.)...
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5-13B-25
Section 5-13B-25 Powers. (a) An out-of-state state bank which establishes and maintains one
or more branches in Alabama under this article may conduct any activities at such branch or
branches that are authorized under the laws of this state for Alabama state banks. (b) An
Alabama state bank may conduct any activities at any branch outside Alabama that are permissible
for a bank chartered by the host state where the branch is located, except to the extent such
activities are expressly prohibited by the laws of this state; provided, however, that the
superintendent shall waive any such prohibition unless he or she determines, by order or regulation,
that the involvement of out-of-state branches of an Alabama state bank in particular activities
would threaten the safety or soundness of the bank. (Acts 1995, No. 95-115, p. 134, §17.)...

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5-7A-65
Section 5-7A-65 Expansion or branching limited. Except as provided in Section 5-7A-64, nothing
in this article is to be construed, interpreted or applied to allow any existing state chartered
bank, any resulting bank or any state chartered bank resulting from a plan of conversion under
this article to expand or branch into any place in any manner or by any method not available
to state chartered banks prior to enactment of this article. (Acts 1990, No. 90-289, p. 387,
§6.)...
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10A-21-2.11
Section 10A-21-2.11 Conveyance of franchises, rights, roadbed, and property to another railroad
corporation. Whenever all the capital stock of a railroad corporation formed under this title
is owned by a railroad corporation chartered under the laws of this state or another state,
the corporation may sell and convey to the corporation owning its stock all its franchises,
rights, roadbed, and property; but the purchasing company, if a foreign corporation, shall
keep an office in this state and an agent thereat, service of process upon the agent shall
be service upon the purchasing company.The railroad so purchased shall be in all respects
subject to the laws of this state as if owned by a domestic corporation, and all liens and
rights of creditors shall be preserved unimpaired. (Code 1907, §3495; Code 1923, §7029;
Code 1940, T. 10, §84; §10-5-10 amended and renumbered by Act 2009-513, p. 967, §358.)...

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5-23-1
Section 5-23-1 Definitions. The following terms shall have the meanings ascribed to them unless
the context clearly indicates otherwise: (1) TREASURER. The State Treasurer of Alabama. (2)
FINANCIAL INSTITUTION. Any bank, savings and loans association or credit union operating in
Alabama which is chartered under federal or state statutes. (3) FINANCIAL INSTITUTION CREDIT
CARD. A credit card that entitles the holder to make open-account purchases up to an approved
amount and which is issued through a financial institution. (4) SPONSORING ENTITY. An entity,
including specifically the State of Alabama, which solicits the use of a particular financial
institution credit card bearing the entity's name in exchange for a fee from the credit card
issuer. (5) STATE FEES. All moneys generated from this program that are remitted to the State
of Alabama. (Acts 1990, No. 90-524, p. 764, §1.)...
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5-5A-15
Section 5-5A-15 Capital - Increase or decrease. Any bank shall with the consent of the superintendent
have power and authority to increase or decrease its authorized capital in the manner provided
for a corporation under the business corporation laws of this state. (Acts 1980, No. 80-658,
§5-5-15.)...
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5-5A-44
Section 5-5A-44 Acquisition of majority of voting shares of a bank; procedure. (a) No person,
acting directly or indirectly or through or in concert with one or more persons, may acquire
control of a state bank or of any corporation or other entity having control of a state bank,
unless an application is filed with the superintendent for review of the proposed transaction
and for his or her action, if any, as provided in this section. (b) The application shall
be on a form prescribed by the superintendent and shall be made under oath. The application
must contain all information that the superintendent by regulation requires to be furnished
in an application, as well as any information that the superintendent orders to be included
in the particular application being filed and shall be accompanied by the filing fee prescribed
by the Banking Board. For the purposes of this section, the Banking Board may reduce or waive
any prescribed fees for applications where a change of control...
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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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