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 19-1-8 Deposit in Name of Principal.

  1 provisions

  A bank may pay a fiduciary’s check on the principal’s account, unless the bank knows the fiduciary is breaching that duty or acts in bad faith.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-8A-33 Negotiation of Loans, Granting of Security, Etc., on Behalf of Closed Bank.

  1 provisions

  The receiver may borrow money, pledge bank assets, and secure loans, but must present the proposal to the receivership court before closing it.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-21 Assessment of Banks - Fees for Failure to Pay Assessment; Proceedings for Collection of Assessment.

  1 provisions

  Banks that miss a superintendent-called assessment payment within 30 days after notice must pay the state $100 per day after that period.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-25 Powers.

  1 provisions

  State banks may conduct certain activities through branches in or outside Alabama, subject to the stated limits and the superintendent’s waiver power.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-94 Posting of License.

  1 provisions

  A licensed foreign bank must post its license in a conspicuous place at the Alabama office covered by the license.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-21 Surplus; Restriction on Dividends.

  1 provisions

  Banks must set aside part of yearly net earnings to surplus, and dividend payments and surplus withdrawals are restricted unless approved by the superintendent.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-301 Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank.

  1 provisions

  A payor bank may revoke a settlement and recover it, or return an item or send dishonor notice, if it acts before final payment and before the midnight deadline.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-111 Asset Maintenance.

  1 provisions

  A licensed foreign bank with an Alabama state branch or agency must keep specified assets in Alabama, in an amount set by the superintendent relative to its liabilities.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-205 Erroneous Payment Orders.

  1 provisions

  This section limits when a sender must pay for an erroneous payment order and gives the receiving bank recovery rights in some cases.

  Order Open & Chat

• United States — Alabama

  Section 23-7-30 Net Earnings of Bank Not to Inure to Benefit of Any Individual, Firm, or Corporation.

  1 provisions

  The bank must not let net earnings after expenses benefit private individuals or entities, except when the board decides enough provision has been made for the bank’s obligations; then later net earnings must be paid to the state.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-8A-39 Notice for and Filing of Claims Against Bank.

  1 provisions

  The receiver must publish and mail notices asking claimants to present and prove claims against the bank.

  Notice Open & Chat

• United States — Alabama

  Section 19-4A-7 Applicability.

  1 provisions

  This chapter applies to all existing or later-created fiduciary accounts, but only for a bank or trust company’s actions or inactions after May 28, 1991.

  Act or statute Open & Chat