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 23-7-18 Liability for Bonds.

  1 provisions

  Bonds and similar obligations issued by the bank are limited obligations, not debts of the state or its political subdivisions, and the bank must state that on the face of each instrument.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-202 Authorized and Verified Payment Orders.

  1 provisions

  This section says when a payment order counts as the sender’s or customer’s order, including when a security procedure is used.

  Order Open & Chat

• United States — Alabama

  Section 45-43-40 Branch Banking.

  1 provisions

  Banks whose main office is in Lowndes County may open and run branch locations in the county, but they must first get written consent from the State Superintendent of Banks.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-41 Meetings of Board - Notice; Executive Session; Confidentiality.

  1 provisions

  The Banking Board may meet on call of the superintendent or any three board members, and the superintendent must give each member at least three days’ notice unless all members waive notice. The Board may enter executive session for confidential matters, but not without a recorded majority vote of a quorum.

  Notice Open & Chat

• United States — Alabama

  Section 7-4-104 Definitions and Index of Definitions.

  1 provisions

  This section defines key terms used in the article, including account, banking day, customer, draft, item, settle, and suspends payments.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-22 Establishment of Interstate Branches by Acquisition or Merger; Branching.

  1 provisions

  An Alabama state bank may open out-of-state or foreign-country branches only with the superintendent’s prior approval.

  Act or statute Open & Chat

• United States — Alabama

  Section 6-6-392 Bond Required When Garnishment in Aid of Pending Action; Exception as to Superintendent of Banks.

  1 provisions

  If garnishment is used to help a pending action, the plaintiff must give bond for twice the amount claimed, unless the Superintendent of Banks is covered by the stated exception.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-61 Definitions.

  1 provisions

  This section defines several terms used in the article, including “savings institution,” “resulting bank,” “superintendent,” “state chartered bank,” “plan of conversion,” “application for conversion,” and “department.”

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-22 Independent Audits; Minimum Standards; Advisory Committee; Report in Lieu of Audit.

  1 provisions

  Each state bank’s board must get an annual audit by superintendent-approved independent auditors, unless the bank has an approved internal audit system.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-6 Funding; Pledge of Revenues.

  1 provisions

  This section lists revenue and funding sources that may be used for the bank, and it allows the bank to pledge certain revenues for bonds and other financial assistance.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-19 Reserves.

  1 provisions

  Banks must keep required reserves, notify the superintendent of deficiencies within three business days, and pay a fee for a deficiency; reserve amounts and the notice method are set by the Banking Board and superintendent.

  Act or statute Open & Chat

• United States — Alabama

  Section 45-13-40 Branch Banks Authorized.

  1 provisions

  A bank established in Clarke County may open and operate branches and similar offices, but it must first get written consent from the State Superintendent of Banks or the Comptroller of the Currency, as applicable.

  Act or statute Open & Chat