5-5A-20
Section 5-5A-20 Branch banks; commercial affiliates. (a) Alabama banks may establish a branch
or office for the transaction of the banking business within the State of Alabama upon prior
approval of the superintendent. Alabama banks may establish a branch or office for the transaction
of a banking business in any state other than Alabama, any territory of the United States,
or in any foreign country in accordance with the provisions of federal law, the laws of the
other state, territory, or foreign country and upon the prior approval of the superintendent.
(b) All laws or parts of laws, whether general, local, or general laws of local applications,
which conflict with this section are hereby repealed to the extent of such conflict. (c) Neither
an Alabama bank nor an out-of-state bank may establish or maintain a branch or office for
the transaction of the banking business in Alabama on the premises of a commercial affiliate
of the bank. For purposes of this section, commercial affiliate...
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5-5A-8
Section 5-5A-8 Procedure for incorporation - Refusal to permit incorporation; appeal from refusal
to Banking Board. If the superintendent is of the opinion from his investigation that the
character and general fitness of the persons named as stockholders or executive officers are
such as not to command the confidence of the community in which such bank is proposed to be
located or that there is not a sufficient business to support said bank in said community
or that the convenience or needs of said community shall not be served, he shall issue under
his hand and official seal, a refusal to permit the incorporation of the proposed bank and
a copy of his refusal shall be filed in the superintendent's office, and the refusal and the
proposed certificate of incorporation shall be returned to the proposed incorporators or their
agent. No right of appeal to the Banking Board exists except upon refusal of the superintendent
to permit incorporation. Any proposed stockholder or individual may...
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5-13B-2
Section 5-13B-2 Definitions. For purposes of this article: (a) "Acquire" means: (1)
For a company to merge or consolidate with a bank holding company; (2) For a company to assume
direct or indirect ownership or control of: (I) More than 25 percent of any class of voting
shares of a bank holding company or a bank, if the acquiring company was not a bank holding
company prior to such acquisition; (II) More than five percent of any class of voting shares
of a bank holding company or a bank, if the acquiring company was a bank holding company prior
to such acquisition; or (III) All or substantially all of the assets of a bank holding company
or a bank; or (3) For a company to take any other action that results in the direct or indirect
acquisition of control by such company of a bank holding company or a bank; however, formation
of a de novo bank pursuant to Chapter 5A of this title is not an acquisition for purposes
of this article. (b) "Affiliate" has the meaning set forth in Section...
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9-17-108
Section 9-17-108 Directive order of discontinuance; appeal; injunction; hearings by board;
imposition of penalties. (a) Due to the inherent nature of liquefied petroleum gas which could
cause a danger to the public or to a liquefied petroleum gas user, the board or the board
administrator shall have the administrative authority to issue a written directive order requiring
any person who violates any of the provisions of this article as amended from time to time
or any rule or regulation promulgated by the board to discontinue the operation of any LP-gas
business or LP-gas system immediately and prohibit such person from commencing operations
until said violations have been corrected. When a written directive is issued by the board
or the board administrator, it shall be immediately complied with by the recipient. When a
directive order has been issued against a person, the recipient may, within five days, appeal
to the circuit court of the county in which the said violations occurred....
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41-14A-9
Section 41-14A-9 Procedures for payment of losses. (a) When the State Treasurer becomes aware
that a default or insolvency has occurred, the State Treasurer shall provide notice as required
in subsection (b) and implement the following procedures: (1) The State Treasurer shall obtain
information from the Superintendent of Banks of the State Banking Department or the receiver
of the qualified public depository in default in order to ascertain the amount of funds of
each public depositor on deposit at such depository and the amount of deposit insurance applicable
to such deposits. (2) The potential loss to public depositors shall be calculated by compiling
claims received from public depositors. The State Treasurer shall validate claims of public
depositors who filed claims under subsection (b) and which have been confirmed under subdivision
(1). (3) The loss to public depositors shall be satisfied, insofar as possible, first through
any applicable deposit insurance and then through the...
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5-10A-13
Section 5-10A-13 Issuance and reissuance of script, clearinghouse certificates or emergency
currency. 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
may from time to time authorize any bank singly or by groups, to issue and reissue from time
to time script, certificates, clearinghouse certificates or emergency currency in such form,
under such restrictions and conditions, entitled to such lien on specific security therefor
or without such lien and entitled to such rights and privileges as said state officials may
authorize, approve or direct. The issue and reissue thereof shall be lawful and subject to
no civil or criminal penalties or interest charges or taxation or additions of any kind thereto,
notwithstanding any contrary provisions of the laws of this state. (Acts 1980, No. 80-658,
§5-10-14.)...
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5-2A-45
Section 5-2A-45 Compensation of members. No person appointed as a member of the Banking Board
shall receive any compensation for this service; except, that each appointed member of said
Banking Board shall receive $50.00 per day and expenses as paid state employees for each day
said Banking Board is in session. The compensation of the appointed members of the Banking
Board shall be paid as earned by the State Treasurer on warrants drawn by the comptroller,
in favor of each of them, which warrants are to be drawn on the certificate of the superintendent,
which certificate shall certify that a meeting of said board was held, stating the time of
meeting and stating the amount to which each member of the board is entitled. (Acts 1980,
No. 80-658, §5-2-45.)...
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16-1-2
Section 16-1-2 Inspection of buildings during and after construction; acceptance of completed
construction; forms for construction contracts. In order to eliminate the causes of school
fires and other conditions which jeopardize the health and safety of school children: (1)
The county or city superintendent of education shall notify the State Superintendent of Education
within 10 days after the beginning of the construction of a building; and, upon the request
of the county or city superintendent of education, the State Superintendent of Education or
his agent shall inspect said building during construction for the purpose of seeing that plans
and specifications upon which the contract was let are being complied with. (2) A county or
city superintendent of education shall not recommend and a county or city board of education
shall not approve for payment more than 90 percent of the contract price of the building constructed
by the county or city board of education until the State...
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5-10A-14
Section 5-10A-14 Issuance of notes or certificates of indebtedness as evidence of compensation
for services or labor during banking emergency. Where a banking emergency has been proclaimed
by the superintendent and until such time as such emergency is declared to have ended by proclamation
of the superintendent, it shall be lawful for the state or any political subdivision thereof
and for merchants, manufacturers, public utilities and other business establishments in this
state, whether conducted by an individual or individuals or under corporate charter, with
the approval of the superintendent to issue as evidence of compensation for services or labor
notes or certificates of indebtedness to their employees in convenient denominations, payable
not more than 90 days after such proclamation shall be made, and none thereof shall be subject
to any civil or criminal penalties or interest charges or taxation or additions thereto of
any kind notwithstanding any contrary provisions of the...
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5-10A-17
Section 5-10A-17 Officers not to incur liability or penalties for compliance with orders of
superintendent, federal laws, etc. No public officer or surety on his official bond shall
suffer any penalty or liability for damages or increase of liability or be in default by reason
of any failure on his part to perform any act or duty where such failure is due to compliance
by any bank with any order or requirement of the superintendent or the Banking Board authorized
or ratified by this chapter or with any act of Congress of the United States now or hereafter
enacted or with any rule or regulation promulgated by duly constituted officials of the United
States. (Acts 1980, No. 80-658, §5-10-19.)...
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