Esheria Regulatory Atlas

Banking and finance in United States — Alabama

Financial services, banking, payments, credit, securities, and regulated finance. Every result links to its stored legal text and available official source evidence.

1,342 matching statutes

• United States — Alabama

  Section 5-11A-1 Amenability of Trust Companies to Banking Laws; Use of Word “Trust” in Corporate Name Generally; Operation of Trust Departments, Etc., by Banks.

  1 provisions

  Trust companies must include “trust” in their corporate names and are subject to general banking laws and examination by the superintendent. Other state banking corporations do not have to use “trust” in their name, but they may operate a trust department if they get the required board resolution, superintendent approv

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-214 Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item.

  1 provisions

  A collecting bank may revoke a provisional settlement, charge back a customer’s account, or obtain a refund if it does not receive final settlement and follows the return/notice timing rules; if it is late, it remains liable for resulting loss.

  Act or statute Open & Chat

• United States — Alabama

  Section 9-9-16 Board of Water Management Commissioners - Election of District Treasurer.

  1 provisions

  The board must choose a district treasurer, and that treasurer must receive and disburse the district’s money, give bond before starting, and keep funds deposited in a designated bank.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-22 Limits of Indebtedness.

  1 provisions

  Banks may not make loans that push one person’s total borrowing over the stated capital-account limits, and excess loans need advance approval and later supervisory action if not corrected.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-18 Powers of Banks Generally.

  1 provisions

  Banks formed for banking business may perform a wide range of banking and related services, including lending, deposits, foreign exchange, trustee work, leasing, and agent services, with some conditions.

  Act or statute Open & Chat

• United States — Alabama

  Section 45-9-90 Banks.

  1 provisions

  Certain banks in Chambers County may establish and operate branches, but only after first securing the written consent of the State Superintendent of Banks.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-45 Initiation of Run on Banks, Etc.

  1 provisions

  People who take bank checks, drafts, or demands for collection must not hold them unreasonably long without telling the drawee bank if the purpose is to build up a large amount to trigger or embarrass the bank.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-8A-28 Creation of Liens Against Bank After Possession by Superintendent.

  1 provisions

  Once the superintendent has taken possession of a bank’s property and business, liens generally cannot attach to the bank’s assets, and the bank’s directors, officers, employees, and agents cannot act for the bank or transfer its assets, except as provided in this chapter.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-9A-1 Cooperation of Superintendent in Reorganization of Bank.

  1 provisions

  If a bank’s board or a majority of stockholders request it because the bank’s capital is substantially impaired, the superintendent may help with reorganization and take several related actions.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-24 Notice and Filing Requirements.

  1 provisions

  An out-of-state bank in an interstate merger with an Alabama state bank must notify the superintendent, file a copy of the federal application, and pay any filing fee required. The Alabama state bank must follow Title 5, Chapter 7A and other applicable laws, and the resulting out-of-state bank must give the superintend

  Notice Open & Chat

• United States — Alabama

  Section 5-5A-8 Procedure for Incorporation - Refusal to Permit Incorporation; Appeal from Refusal to Banking Board.

  1 provisions

  The superintendent must refuse incorporation if the investigation shows the proposed bank lacks community support or the proposed stockholders or officers are not fit enough to win community confidence. An affected proposed stockholder or individual may appeal that refusal to the Banking Board within 28 days, and the B

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-7 Superintendent - Expansion of Banking Powers; Rules and Regulations.

  1 provisions

  The superintendent may expand certain Alabama banks’ and savings and loan associations’ powers, but affected institutions need advance written permission, and out-of-state institutions generally may not use this section to do business in Alabama.

  Regulation Open & Chat