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 7-4-504 Privilege of Presenting Bank to Deal with Goods; Security Interest for Expenses.

  1 provisions

  A presenting bank may reasonably store, sell, or otherwise deal with goods if a documentary draft is dishonored, the bank seasonably requested instructions, and no instructions arrive within a reasonable time.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-203 Effect of Instructions.

  1 provisions

  Only a collecting bank’s transferor may give instructions that affect the bank or count as notice, and the collecting bank is not liable to prior parties for actions taken under those instructions or under an agreement with its transferor.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-65 Expansion or Branching Limited.

  1 provisions

  This section says certain state-chartered banks may not expand or branch in ways that were not already available to state-chartered banks before this article was enacted, except as provided in Section 5-7A-64.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-27 Construction and Use of Bonds.

  1 provisions

  The bank’s bonds may be treated as legal investments, and certain public, financial, fiduciary, and other authorized persons may invest in them or deposit and receive them as allowed by law.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-64 Maintenance and Operation of Offices.

  1 provisions

  After conversion, the resulting bank may keep operating the savings institution’s existing offices as banking offices.

  Act or statute Open & Chat

• United States — Alabama

  Section 16-13-99 Place and Method of Payment.

  1 provisions

  Issuing boards may choose banks where school warrants are payable, and school officials must deposit enough money there so the warrants can be paid on time.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-10 Essential Governmental Function of Bank; Taxation.

  1 provisions

  The bank is exempt from paying taxes or assessments on specified property, operations, income, and certain loan obligations or related income.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-3-206 Restrictive Indorsement.

  1 provisions

  This section says certain restrictive endorsements do not stop transfer or enforcement, but some banks or purchasers can face conversion liability unless proceeds are handled as required.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-211 When Bank Gives Value for Purposes of Holder in Due Course.

  1 provisions

  A bank is treated as having given value, for holder-in-due-course purposes, to the extent it has a security interest in an item, if it also meets Section 7-3-302 requirements.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-7-508 Warranties of Collecting Bank as to Documents of Title.

  1 provisions

  A collecting bank or similar intermediary that delivers documents of title warrants only its own good faith and authority.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-6A-21 Concealment of Loans, Purchase or Sale of Security, Etc.

  1 provisions

  Bank officers or employees must not intentionally hide certain bank loans, discounts, or securities transactions from the directors or an authorized committee.

  Act or statute Open & Chat

• United States — Alabama

  Section 40-1-19 Bank Officer Failing to Make, Swear To, and Deliver Required Statements.

  1 provisions

  A bank president or cashier who willfully fails to make, swear to, and deliver the required statement to the tax assessor on time may be fined at least $200 and jailed to hard labor for at least three months.

  Act or statute Open & Chat