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26-1-5
Section 26-1-5 Age of majority for purposes of contracting with banks, credit unions, etc.,
for certain loans or accounts; requirements for members of Armed Forces. (a) Notwithstanding
Section 26-1-1, the age of majority for the purposes of contracting for educational loans
for college level education and above, within the State of Alabama, shall be 17 years of age.
(b) Notwithstanding Section 26-1-1, for purposes of contracting with a bank, credit union,
or similar savings and loan institution, including obtaining a loan or opening a checking
or savings account, a member of any branch of the Armed Forces of the United States shall
be deemed to have attained the age of majority and shall be relieved of his or her disabilities
of minority for that purpose, and he or she may continue to be deemed to have reached the
age of majority even if he or she shall subsequently no longer be a member of the Armed Forces
of the United States. A member of the Armed Forces of the United States who...
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41-14-35
Section 41-14-35 Security for deposits or accounts. (a) All public deposits, as defined in
Chapter 14A, of the state shall be secured to the extent and in the manner provided in Chapter
14A by any combination of the following securities and instruments, which may be issued and
held in either definitive or book-entry form: Direct obligations of the State of Alabama or
any other state of the United States; obligations of the United States government or that
are fully guaranteed as to payment of principal and interest by the United States; obligations
issued or guaranteed by any agency or instrumentality of the United States, including, without
limitation, the Government National Mortgage Association or any successor thereto, any Federal
Farm Credit Bank or any successor thereto, the Federal Housing Finance Board or any successor
thereto, the Federal Home Loan Bank System or any successor thereto, or any Federal Home Loan
Bank or any successor thereto; debt obligations, including, without...
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5-12A-1
Section 5-12A-1 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) TRUST INSTITUTION.
Any state bank, any national bank or any trust company authorized to act in a fiduciary capacity
in this state and under the supervision of the Comptroller of the Currency of the United States
or the Federal Reserve System, or the Superintendent of Banks of the State of Alabama. (2)
AFFILIATED TRUST INSTITUTION. A trust institution which, together with one or more other trust
institutions, are each owned or controlled by a bank holding company which is under the supervision
of the Board of Governors of the Federal Reserve System. (3) OWNED OR CONTROLLED. The ownership
by a bank holding company of stock possessions of at least 80 percent of the voting power
of all classes of stock and at least 80 percent of each class of the nonvoting stock (other
than nonvoting stock which is limited and...
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5-7A-61
Section 5-7A-61 Definitions. As used in this article, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) SAVINGS INSTITUTION.
A savings and loan association or savings bank organized under the laws of this state or organized
under the laws of the United States and having its principal place of business in this state,
whether a "capital stock saving institution" which is authorized to issue capital
stock, or a "mutual savings institution," shares of which are owned by its members.
(2) RESULTING BANK. The state chartered bank that results from conversion of a savings institution
to a state chartered bank pursuant to this article. (3) SUPERINTENDENT. The Superintendent
of Banks for the State of Alabama. (4) STATE CHARTERED BANK. A bank the same as if such bank
were incorporated, chartered and permitted to do business, all as provided in Section 5-5A-1
et seq. (5) PLAN OF CONVERSION. That written document containing all...
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5-13B-11
Section 5-13B-11 Authority to issue regulations; cooperative agreements; fees. In order to
carry out the purposes of this title, in addition to and cumulative with the authority and
powers of the superintendent set forth elsewhere in this title, the superintendent may: (1)
Adopt regulations; (2) Enter into cooperative, coordinating, or information-sharing agreements
with any other bank supervisory agency or any organization affiliated with or representing
one or more bank supervisory agencies; (3) Accept any report of examination or investigation
by another bank supervisory agency having concurrent jurisdiction over an Alabama state bank
or a bank holding company that controls an Alabama state bank in lieu of conducting the superintendent's
own examination or investigation of such bank holding company or bank; (4) Enter into contracts
with any bank supervisory agency having concurrent jurisdiction over an Alabama state bank
or a bank holding company that controls an Alabama state bank...
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23-7-17
Section 23-7-17 Bonds authorized. (a) Whenever it shall become necessary that monies be raised
for qualified projects, including monies to be used to refund any bonds then outstanding,
the bank may issue bonds as provided in this chapter. (b) The bank may pledge any of its revenue
or funds to the payment of its bonds, subject to any prior pledges for other outstanding bonds
or other financial assistance of the bank and, in the case of those revenues described in
subdivisions (1) and (2) of subsection (a) and subsection (b) of Section 23-7-6, pledges by
Alabama Federal Aid Highway Finance Authority and Alabama Highway Finance Corporation of the
revenues for bonds issued by those entities. Bonds may be secured by a pledge of any loan
obligation owned by the bank, any grant, contribution, or guaranty from the United States,
the state, or any corporation, association, institution, or person, any other financial assistance
provided by the bank, any bond insurance, guarantees, letters of...
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10A-20-15.01
Section 10A-20-15.01 Rights, powers, and authority. All corporations organized under the general
laws of this state, or heretofore under a special act of the Legislature, and all corporations
organized under the laws of any other of the United States which have complied with the Constitution
and laws of the State of Alabama as to foreign corporations and which by their charter have
the right to manufacture, supply, and sell to the public power produced by water as a motive
force, shall, after acquiring by purchase, or otherwise than by condemnation, a dam site or
power site comprising not less than one acre of land upon each and opposite sides of any watercourse
or after acquiring by purchase, or otherwise than by condemnation, a dam site comprising not
less than one acre of land upon one side of any watercourse and, where the dam site on the
other side of the watercourse is owned or controlled by the United States, shall have acquired
the permission of the United States to attach to...
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23-7-29
Section 23-7-29 Other financial assistance authorized. (a) The granting of other financial
assistance by the bank shall be authorized by a resolution of the bank. (b) The bank may execute
instruments and enter into financing agreements, including, without limitation, a trust indenture
between the bank and a corporate trustee, which may be the State Treasurer or any bank having
trust powers or any trust company doing business in this state, containing the terms and conditions
as the bank shall determine in connection with the provision of other financial assistance
and securing its obligations with respect to other financial assistance. (c) The bank may
pledge any of its revenues or funds to the payment of other financial assistance provided
by the bank, subject to any prior pledges for outstanding bonds or other financial assistance
of the bank and, in the case of those revenues described in subdivisions (1) and (2) of subsection
(a) and subsection (b) of Section 23-7-6, the pledges by...
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27-17A-47
Section 27-17A-47 Establishment and management of endowment care fund. (a) Every cemetery authority
operating an endowment care cemetery shall establish an endowment care fund which shall be
placed with and held by a bank, trust company, savings and loan association, or other financial
institution authorized to provide trust services under Title 5, as amended, or under the applicable
laws of the United States or any other state, or a board of trustees, consisting of at least
three members, who shall reside in the State of Alabama, one of whom is engaged in outside
cemetery management, and each of whom shall be bonded to honestly perform the duties of trustee
under a formal trust agreement. (b) Except as specifically provided in this subsection, commencing
on July 1, 2014, a person serving on a board of trustees or cemetery authority may not also
serve as a trustee of an endowment care fund for the cemetery authority. A board of trustees
in existence on July 1, 2014, may continue to...
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34-9-10
Section 34-9-10 Application; licensure by credentials; special purpose license. (a) Every person
who desires to practice dentistry within the State of Alabama shall file an application prescribed
by the board. Notwithstanding the method of obtaining licensure or any particular requirement
set forth herein, every person as a prerequisite to licensure shall be at least 19 years of
age, of good moral character, a citizen of the United States or, if not a citizen of the United
States, a person who is legally present in the United States with appropriate documentation
from the federal government, and a graduate of a dental school or college accredited by the
American Dental Association Commission on Dental Accreditation and approved by the board and
shall satisfy any other requirement set forth in any rule adopted by the board. (b) Licensure
by examination shall be applicable to the following categories: (1) Those individuals who
have never been licensed or taken an examination and whose...
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