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5-3A-9
Section 5-3A-9 Loans, gifts, favors, etc., to Banking Department employees from banks, employees,
etc., prohibited. (a) No officer, agent or employee of any bank shall offer or give to an
employee of the State Banking Department or his family, and no such employee nor his family
shall solicit or receive anything of value directly or indirectly from a bank, including a
gift, favor, or service or a promise of future employment. Expenses associated with social
occasions afforded such employee shall not be deemed a thing of value within the meaning of
this section or prohibited hereby. (b) No superintendent, assistant superintendent, deputy
superintendent or bank examiner of the State Banking Department shall, either directly or
indirectly, be pecuniarily interested in nor borrow from a state bank. Debts now existing
and any debt which may be owing at the time of employment to state banks may not be extended
or renewed. (c) Nothing herein shall be construed to prohibit the superintendent...
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5-13B-102
Section 5-13B-102 Examination; payment of fees. (a) An Alabama state branch, Alabama state
agency, or Alabama representative office shall be subject to examination by the superintendent
at such intervals and in such a manner as he or she shall establish by regulation or order.
(b) In conducting an examination pursuant to this section, the superintendent shall: (1) Have
full access to the offices, books, accounts, and records of each office located in this state,
as well as all of the books, accounts, and records maintained in this state of any office
not located in this state of such foreign bank; and (2) Have authority to require the attendance
of and to examine under oath all persons whose testimony may be required relative to the activities
of such office. (c) A foreign bank which is licensed to establish and maintain an Alabama
state branch, Alabama state agency, or Alabama representative office shall be assessed a reasonable
fee for the expenses incurred by the superintendent in...
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27-2-52
Section 27-2-52 Offices, equipment, and personnel; operating expenses. The Commissioner of
Insurance shall furnish offices, equipment, operating expenses, and necessary personnel to
maintain and operate the Receivership Division. The operating expenses of said division shall
as far as practical be paid from the receiverships as administrative expenses on a pro rata
basis, such expenses to be verified by the receiver to the receivership court having jurisdiction
and paid on order of said court into the Special Examination Revolving Fund provided for in
Section 27-2-25. To the extent of and limited to the funds paid into said revolving fund from
receiverships, the Commissioner of Insurance is hereby authorized to draw upon said revolving
fund on proper voucher, to pay for salaries, expenses, rent or equipment, or portion thereof,
for the proper operation of the Receivership Division. Expenses and salaries not recoverable
from receivership funds may be paid from funds appropriated to the...
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5-2A-18
Section 5-2A-18 Bank examiners - Commission. The superintendent shall furnish to each examiner
a commission under the signature of the superintendent and official seal of the State Banking
Department, which commission the examiner shall exhibit to the bank, and to any officer or
officers proposed to be examined as his authority for making the examination. (Acts 1980,
No. 80-658, §5-2-21.)...
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11-54-80
Section 11-54-80 Definitions. Wherever used in this division, unless a different meaning clearly
appears in the context, the following terms shall be given the following respective meanings:
(1) INDUSTRIAL DEVELOPMENT BOARD or BOARD. Any industrial development board organized pursuant
to the provisions of this division. (2) MUNICIPALITY. Any incorporated city or town in this
state with respect to which an industrial development board may be organized. (3) PROJECT.
a. Any land and any building or other improvement thereon and all real and personal properties
deemed necessary in connection therewith, whether or not now in existence, which shall be
suitable for use by any one of the following or by any combination of two or more thereof:
1. Any industry for the manufacturing, processing or assembling of any agricultural, manufactured
or mineral products. 2. Any commercial enterprise in storing, warehousing, or distributing
any products of agriculture, mining, or industry, or providing...
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16-32-2
Section 16-32-2 Board of trustees. There is hereby created a board of trustees, who shall serve
without pay or personal expenses, to administer the Alabama Stonewall Jackson Memorial Fund.
The trustees shall be the Alabama State Superintendent of Education, the Director of the Alabama
Department of Archives and History and the President of the Stonewall Jackson Memorial, Incorporated.
This board of trustees shall be vested with the power to administer this chapter in its entirety
and to prescribe the rules and regulations governing the essay contests and the awarding of
scholarships from the Alabama Stonewall Jackson Memorial Fund. It is hereby directed to receive
the appropriation hereinafter made, to designate a bank in Alabama as a depository for the
fund and is further directed to invest said fund in such sound securities as it deems advisable
in line with good business procedure; and it is expressly prohibited from spending any part
of the principal of this fund, it being the...
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27-2-22
Section 27-2-22 Examinations - Examiners. (a) The commissioner may conduct any such examination
in person or by examiners regularly employed and commissioned by him in writing for the purpose.
No person shall be eligible for designation as an examiner to examine an insurer unless by
reason of experience as an accountant, auditor, or examiner of financial institutions or other
special experience, education, or training he is capable of adequately discharging the responsibilities
of such an examiner. (b) At any time, when examiners who are regular officers or employees
of the department are not available for the purpose, the commissioner may specially appoint
and employ a competent examiner, or examiners, for the purpose of making a particular examination.
The special examiner shall be compensated and reimbursed for expenses in the same manner as
provided for regular examiners under Section 27-2-25, but shall not have any status in the
classified service of the state. (Acts 1971, No....
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5-13B-41
Section 5-13B-41 Definitions. For purposes of this article: (a) The term "bank" means
any bank as defined in: Section 2(c) of the Bank Holding Company Act (12 U.S.C. §1841(c));
Section 3(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. §1813(a)(1)), other than
a branch of a foreign bank; or, as the context may require, in Chapter 5A, Title 5. The term
"bank" as used in this article shall not in any event include a foreign bank or
a branch or agency of a foreign bank. (b) The term "foreign bank" means any company
organized under the laws of a foreign country, a territory of the United States, Puerto Rico,
Guam, American Samoa, or the Virgin Islands, that engages directly in the business of banking.
The term includes foreign commercial banks, foreign merchant banks, and other foreign institutions
that engage in banking activities usual in connection with the business of banking in the
countries where such foreign institutions are organized or operating. (c) The term "out-of-state...
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5-2A-8
Section 5-2A-8 Superintendent - Promulgation and interpretation of regulations. The superintendent
may, with the concurrence of a majority of the members of the State Banking Board or as otherwise
provided in this title, promulgate such reasonable regulations, consistent with the laws of
this state, as may be necessary to carry out the provisions of this title over which the State
Banking Department has jurisdiction. The superintendent shall, in addition, issue written
interpretations of banking laws and regulations. Any bank or bank holding company and any
officer or director thereof relying on any regulation or interpretation shall be fully protected
even though the same shall be thereafter ruled invalid for any reason by a court of competent
jurisdiction. (Acts 1980, No. 80-658, p. 1259, §5-2-10; Acts 1985, No. 85-457, p. 425, §3;
Acts 1995, No. 95-115, p. 134, §69; Act 2013-352, p. 1261, §1.)...
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5-5A-13
Section 5-5A-13 Filing fee; other fees. (a) The Banking Board shall from time to time fix the
amount of the fee for filing an application for a new bank, and for: (1) Establishment of
a branch of an existing bank; (2) Conversion of a national bank to a state bank; (3) A merger
of two or more existing banks; (4) Establishment and operation of any facility authorized
under the provisions of Sections 5-2A-7 and 5-2A-8; (5) Acquisition of a majority of voting
stock of a bank; (6) Any examination necessitated by the foregoing; and (7) Other actions
that require the approval of the superintendent or the Banking Board. (b) All such fees shall
be paid into the special fund set up by the State Treasurer pursuant to Section 5-2A-20. (Acts
1980, No. 80-658, §5-5-13.)...
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