|
5-3A-3
Section 5-3A-3 Disclosure of information obtained by superintendent, bank examiners, etc. (a)
Neither the superintendent, any member of the Banking Board, nor any bank examiner or other
state employee shall disclose the condition and affairs of any bank or bank holding company,
or their subsidiaries or other affiliates, ascertained by an examination of such bank, or
bank holding company, or affiliates, or report or give information as to persons who are depositors
or debtors of a bank, except as authorized or required by law; provided, that this section
shall not be construed to prevent bank examiners and other employees from reporting such information
to the superintendent or such persons as the superintendent may lawfully designate. (b) Notwithstanding
the provisions of subsection (a), the superintendent, at the superintendent's discretion,
may disclose any information, otherwise protected under this section, to the members of the
Banking Board and confer with the members of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-3A-3.htm - 3K - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-65.htm - 784 bytes - Match Info - Similar pages
45-47-40
Section 45-47-40 Branch banking. Any bank situated within any incorporated municipality in
Marion County, with the approval of the State Superintendent of Banks, may establish, maintain,
and operate branch banks, or additional offices or places of business for the receipt of deposits,
payment of checks, making of loans, and conducting a general banking business within such
incorporated municipality. Provided, however, that any bank in Marion County shall be permitted
to branch into any municipality in the county that does not presently have banking facilities.
(Act 1973, No. 312, p. 443, § 1; Act 82-304, p. 410, § 1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-47-40.htm - 938 bytes - Match Info - Similar pages
5-7A-60
Section 5-7A-60 Purpose. It is the purpose of this article to permit state and federally chartered
savings and loan associations and savings banks to convert to state chartered banks with the
approval of the Superintendent of Banks for the State of Alabama in accordance with the provisions
of this article. (Acts 1990, No. 90-289, p. 387, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-60.htm - 651 bytes - Match Info - Similar pages
5-9A-2
Section 5-9A-2 Submission of reorganization plan to court for confirmation and approval. After
such plan for reorganization has been submitted to the board of directors of the bank so making
such request for a reorganization, the directors of such bank by and with the consent of 75
percent in value of the stockholders and 75 percent in value of the common creditors are authorized
and empowered to make a report of such plan to the circuit court of the county in which the
principal business office of the bank is located, such report to be accompanied by a petition
for its confirmation and approval. (Acts 1980, No. 80-658, §5-9-2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-9A-2.htm - 942 bytes - Match Info - Similar pages
16-33B-1
Section 16-33B-1 Definitions. As used in this chapter, unless the context clearly requires
a different meaning, the following words shall have the following meanings: (1) ACHE. The
Alabama Commission on Higher Education. (2) APPROVED LENDER. Any eligible institution, or
any bank, trust company, savings and loan association, credit union, pension fund, or insurance
company, whose primary consumer credit function is not the making of insured student loans
and which is examined and supervised by the appropriate state or federal regulatory agency
or any other institution or agency defined as an eligible lender in accordance with the Federal
Student Loan Law. (3) ELIGIBLE INSTITUTION. Any postsecondary educational institution which
is approved by the Alabama Commission on Higher Education for the purposes of this program.
However, an institution offering exclusively correspondence, independent study, or home study
courses is not an eligible institution. (4) FEDERAL STUDENT LOAN LAW. Title...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-33B-1.htm - 3K - Match Info - Similar pages
5-12A-4
Section 5-12A-4 Common trust fund plan. Each common trust fund shall be established and maintained
in accordance with a written plan (referred to herein as the plan) approved by resolution
of the board of directors of the trust institution and approved in writing by competent legal
counsel. The plan shall provide that the common trust fund shall be administered under the
laws of this state and of the United States and in conformity with the rules and regulations
promulgated from time to time under authority of such laws and shall contain full and detailed
provisions, not inconsistent with the provisions of this chapter, as to the manner in which
the common trust fund is to be operated, the investment powers with respect to the common
trust fund, the allocation and apportionment of income, profits and losses, the terms and
conditions governing the admission or withdrawal of investments or participations in the common
trust fund, the auditing and settlement of accounts of the trust...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-12A-4.htm - 2K - Match Info - Similar pages
5-13B-23
Section 5-13B-23 Interstate merger transactions and branching; operation of branches. (a) One
or more Alabama state banks may enter into an interstate merger transaction with one or more
out-of-state banks under this article, and an out-of-state bank resulting from such transaction
may maintain and operate the branches in Alabama of an Alabama state bank that participated
in such transaction, provided that the conditions and filing requirements of this article
are met. (b) Except as otherwise expressly provided in this subsection, an interstate merger
transaction, establishment of a de novo branch, or acquisition of a branch shall not be permitted
under this article if, upon consummation of such transaction, the out-of-state bank, including
all insured depository institutions that would be "affiliates" as defined in 12
U.S.C. §1841(k) of the out-of-state bank, would control 30 percent or more of the total amount
of deposits held by all insured depository institutions in this state....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-23.htm - 4K - Match Info - Similar pages
5-13B-62
Section 5-13B-62 Citizenship and residency requirements for directors of state banks. Notwithstanding
any other provision of the laws and regulations of this state, the citizenship and residency
requirements otherwise applicable to members of the board of directors of any Alabama bank
may, in the case of an Alabama bank which is a subsidiary or affiliate of a foreign bank,
be waived by the superintendent in his or her discretion upon application by the controlling
shareholder of the Alabama bank; provided that at least a majority of the directors shall
be citizens of the United States and at least 25 percent of the directors shall be residents
of this state. (Acts 1995, No. 95-115, p. 134, §27.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-62.htm - 1012 bytes - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-5A-20.htm - 1K - Match Info - Similar pages
|