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 5-3A-35 Powers of Superintendent.

  1 provisions

  The superintendent may make agreements with qualifying bank supervisory agencies, enter corrective agreements or orders with a service provider, and join examinations or enforcement actions with other agencies.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-206 Transmission of Payment Order through Funds-Transfer or Other Communication System.

  1 provisions

  A payment order sent through a funds-transfer or other communication system is treated as if the system were the sender’s agent for transmitting it to the bank, except for Federal Reserve Banks’ funds-transfer systems.

  Order Open & Chat

• United States — Alabama

  Section 5-8A-36 Employment of Counsel, Expert Assistants, Etc., in Liquidation of Bank; Compensation of Assistants, Etc.; Court Approval of Liquidation Expenses.

  1 provisions

  The receiver may hire counsel and expert help, keep bank staff if needed, and set compensation and supervision/liquidation expenses subject to court approval.

  Act or statute Open & Chat

• United States — Alabama

  Section 8-7A-3 Exclusions.

  1 provisions

  This chapter does not apply to several listed government entities, postal money transmission, certain governmental benefits transfers, certain commodity-market entities, and some banks.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-3A-12 Semiannual Reports by Banks - Required; Verification.

  1 provisions

  Banks must make at least two reports each year to the superintendent when called and use the superintendent’s prescribed form. The report must also be verified by oath or affirmation from specified bank officers and directors.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-2 Definitions.

  1 provisions

  This section defines key terms used in the chapter.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-89 Representative Office of Foreign Banks - Necessity of Licensure.

  1 provisions

  A foreign bank may not establish or keep an Alabama representative office unless it is licensed by the superintendent.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-10A-1 Authorization or Direction of Banks to Postpone Paying Liabilities, Segregate Deposits and Assets, Renew Loans, Etc.

  1 provisions

  The superintendent and certain Banking Board members may authorize or direct banks to delay payments, handle deposits separately, segregate assets, and make or renew loans when they think the circumstances warrant it.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-202 Responsibility for Collection or Return; When Action Timely.

  1 provisions

  A collecting bank must use ordinary care when handling items, notices, settlements, and loss or delay reporting, and it generally must act by the midnight deadline.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-11A-31 Approval of Superintendent.

  1 provisions

  The superintendent’s approval is treated as granted if the superintendent does not file a written objection within 10 days after receiving written notice from the transferor bank.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-44 Acquisition of Majority of Voting Shares of a Bank; Procedure.

  1 provisions

  A person generally may not acquire control of a state bank without filing an application with the superintendent, and the acquiring party must meet filing, disclosure, amendment, and approval requirements.

  Act or statute Open & Chat

• United States — Alabama

  Section 41-10-48.04 Alabama Energy Infrastructure Bank; Alabama Energy Infrastructure Fund.

  1 provisions

  This section creates the Alabama Energy Infrastructure Bank and the Alabama Energy Infrastructure Fund, and directs how the bank and fund are to be used.

  Act or statute Open & Chat