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5-5A-18.1
Section 5-5A-18.1 Banks and trust companies to have power of federally chartered or regulated
financial institution. In addition to all other rights and powers provided under this title,
banks and trust companies chartered by this state and supervised by the superintendent and
banks or trust companies chartered by any other state which are doing business or proposing
to conduct any bank or trust company activities in this state and each of their subsidiaries,
subject to the prior approval of the superintendent, may make any loan or investment , exercise
any power, and engage in any activity which they could make , exercise, or engage in if incorporated
or operating as a federally chartered or regulated financial institution and they shall be
entitled to all rights, privileges, and protections granted or available to federally chartered
or regulated financial institutions. In addition to other conditions determined at the superintendent's
discretion, any approval granted under this...
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38-2-6
Section 38-2-6 Duties, powers, and responsibilities of state department. The aim of the state
department shall be the promotion of a unified development of welfare activities and agencies
of the state and of the local governments so that each agency and each governmental institution
shall function as an integral part of a general system. In order to carry out effectively
these aims, it shall be the duty and responsibility of the state department to: (1) Administer
or supervise all forms of public assistance including general home relief, outdoor and indoor
care for persons in need of assistance, also including those duties that have to do primarily
with the determination of need and authorization of relief. (2) Exercise all the powers, duties,
and responsibilities previously vested by law in the State Child Welfare Department. (3) Provide
services to county or municipal governments including the organization and supervision of
counties for the effective carrying out of welfare...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/38-2-6.htm - 8K - 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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27-5B-15
Section 27-5B-15 Qualified U.S. financial institutions. (a) For purposes of subdivision (3)
of Section 27-5B-14, a qualified U.S. financial institution means an institution that meets
all of the following: (1) Is organized or, in the case of a U.S. office of a foreign banking
organization, licensed, under the laws of the United States or any state thereof. (2) Is regulated,
supervised, and examined by U.S. federal or state authorities having regulatory authority
over banks and trust companies. (3) Has been determined by either the commissioner or the
Securities Valuation Office of the National Association of Insurance Commissioners to meet
such standards of financial condition and standing as are considered necessary and appropriate
to regulate the quality of financial institutions whose letters of credit will be acceptable
to the commissioner. (b) A qualified U.S. financial institution means, for purposes of those
provisions of this law specifying those institutions that are eligible...
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15-27-6
Section 15-27-6 Order of expungement; certification; inspection of expunged records. (a) Except
as provided in Section 15-27-10, upon the granting of a petition pursuant to this chapter,
the court, pursuant to Section 15-27-9, shall order the expungement of all records in the
custody of the court and any records in the custody of any other agency or official, including
law enforcement records, except privileged presentence or postsentence investigation reports
produced by the Alabama Board of Pardons and Paroles and its officers, records, documents,
databases, and files of the district attorney and the Office of Prosecution Services. On July
7, 2014, and for 18 months thereafter, every agency with records relating to the arrest, charge,
or other matters arising out of the arrest or charge that is ordered to expunge the records
shall certify to the court within 180 days of the entry of the expungement order that the
required expungement action has been completed. (b) After the...
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5-26-15
Section 5-26-15 Confidentiality. In order to promote more effective regulation and reduce regulatory
burden through supervisory information sharing: (1) PROTECTIONS. Except as otherwise provided
in Public Law 110-289, Section 1512, the requirements under any federal law regarding the
privacy or confidentiality of any information or material provided to the Nationwide Mortgage
Licensing System and Registry, and any privilege arising under federal or state law, including
the rules of any federal or state court, with respect to such information or material, shall
continue to apply to such information or material after the information or material has been
disclosed to the Nationwide Mortgage Licensing System and Registry. Such information and material
may be shared with all state and federal regulatory officials with mortgage industry oversight
authority without the loss of privilege or the loss of confidentiality protections provided
by federal or state law. (2) AGREEMENTS AND SHARING...
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10A-2-16.20
Section 10A-2-16.20 Financial statements for shareholders. REPEALED IN THE 2019 REGULAR SESSION
BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a)
A corporation shall furnish its annual financial statements to each shareholder who requests
a statement, which may be consolidated or combined statements of the corporation and one or
more of its subsidiaries, as appropriate, that include a balance sheet as of the end of the
fiscal year, an income statement for that year, and a statement of changes in shareholders'
equity for the year unless that information appears elsewhere in the financial statements.
If financial statements are prepared for the corporation on the basis of generally accepted
accounting principles, the annual financial statements must also be prepared on that basis.
If the financial statements for the corporation are not prepared on the basis of generally
accepted accounting principles, the annual financial statements furnished...
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22-14-1
Section 22-14-1 Definitions. For the purposes of this article, the following terms shall have
the meanings respectively ascribed to them by this section: (1) BY-PRODUCT MATERIAL. Any radioactive
material, except special nuclear material, yielded in, or made radioactive by, exposure to
the radiation incident to the process of producing or utilizing special nuclear material.
(2) IONIZING RADIATION. Gamma rays and X rays; alpha and beta particles, high-speed electrons,
neutrons, protons and other nuclear particles; but not sound or radio waves or visible, infrared
or ultraviolet light. (3) LICENSE - GENERAL AND SPECIFIC: a. General License. A license effective,
pursuant to regulations promulgated by the State Radiation Control Agency, without the filing
of an application, to transfer, acquire, own, possess or use radiation producing machines
or quantities of, or devices or equipment utilizing by-product, source, special nuclear materials
or other radioactive material occurring naturally...
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41-14A-2
Section 41-14A-2 Definitions. As used in this chapter, the following words and terms shall
have the following meanings: (1) AVERAGE MONTHLY BALANCE OF PUBLIC DEPOSITS. The sum of the
average daily balances of public deposits, meaning the net average daily balances of public
deposits determined without any deduction for deposit insurance, for the reported month and
the 11 months preceding that month, divided by 12. (2) BOARD OF DIRECTORS or BOARD. The Board
of Directors of the SAFE Program established under Section 41-14A-6. The board of directors
shall consist of eight members. (3) COLLATERAL-PLEDGING LEVEL or COLLATERAL-PLEDGING REQUIREMENT.
The percentage or percentages of collateral, in relation to one or more levels of public deposits
held, required to be pledged by a qualified public depository as determined in accordance
with the provisions of this chapter or rules or orders of the board adopted pursuant to this
chapter. (4) COVERED PUBLIC ENTITY. The state and its political...
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41-16-120
Section 41-16-120 Powers and duties; definitions. (a) The Director of the Department of Economic
and Community Affairs shall be responsible for the distribution, transfer, or disposal of
all surplus personal property owned by the state and all right, title, interest, and equity
in the property shall be transferred to the department for such purpose. The director may
delegate to the Director of the Surplus Property Division such supervision and control of
the distribution or disposal of state owned surplus personal property. (b) As used in this
article, the following terms shall have the following meanings, respectively, unless the context
clearly indicates otherwise: (1) DIVISION. Surplus Property Division of the Department of
Economic and Community Affairs. (2) SURPLUS PROPERTY. That property declared by the property
manager of each state department, bureau, board, commission, or agency to be surplus and so
designated in writing to the director of the division. All real property owned...
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