United States — Alabama
Section 5-2A-18 Bank Examiners - Commission.
1 provisions
The superintendent must give each examiner a commission, and the examiner must show it to the bank and to any officers being examined.
Act or statute Open & Chat
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 5-8A-27 Application by Bank for Injunction Against Acquisition of Possession of Business and Property by Receiver or Superintendent.
1 provisions
A bank may ask the receivership court to stop a receiver or superintendent from continuing proceedings within 10 days after they take charge of the bank’s property or business.
Act or statute Open & ChatUnited States — Alabama
Section 11-61A-20 Bonds Deemed Legal Investment.
1 provisions
Bonds issued under this chapter are treated as legal investments for fiduciaries, savings banks, and insurance companies, subject to stated directions or exceptions.
Act or statute Open & ChatUnited States — Alabama
Section 5-8A-24 Appointment of Receiver to Liquidate Bank.
1 provisions
The superintendent may appoint a receiver to liquidate and distribute a bank’s assets, but must file the appointment documents. An examiner cannot be appointed receiver if the examiner examined the bank within the prior year. Non-federal receivers are entitled to an ex parte confirmation order.
Act or statute Open & ChatUnited States — Alabama
Section 5-5A-2 Procedure for Incorporation - Notice of Intention to Incorporate.
1 provisions
A bank seeking incorporation must publish a notice of intention once a week for three consecutive weeks in the newspaper designated by the superintendent.
Notice Open & ChatUnited States — Alabama
Section 5-6A-23 Receipt or Possession of Bank Property with Intent to Defraud, Etc.
1 provisions
A bank director, officer, or employee who knowingly takes or keeps bank property without paying a just demand and with intent to defraud commits a felony.
Act or statute Open & ChatUnited States — Alabama
Section 7-4-405 Death or Incompetence of Customer.
1 provisions
Banks may continue to accept, pay, collect, and account for an item despite a customer’s death or incompetence until they know of the death or incompetence and have a reasonable chance to act.
Act or statute Open & ChatUnited States — Alabama
Section 5-6A-24 Making of False Entries, Etc., on Books and Accounts of Bank.
1 provisions
Bank directors, officers, and employees must not make or help make false entries, or omit material entries, in the bank’s books and accounts when acting with intent to defraud.
Act or statute Open & ChatUnited States — Alabama
Section 10A-20-7.17 Deposit of Funds in Designated Depository.
1 provisions
The corporation may not deposit its funds in a banking institution unless that institution has been designated as a depository by the required board vote, and it may not receive money on deposit.
Act or statute Open & ChatUnited States — Alabama
Section 7-4-407 Payor Bank’s Right to Subrogation on Improper Payment.
1 provisions
A payor bank may be subrogated to certain rights if it pays an item after a stop-payment order, after an account is closed, or in other objectionable circumstances.
Act or statute Open & ChatUnited States — Alabama
Section 5-8A-32 Sale, Etc., of Bad Debts and Property of Bank.
1 provisions
The receiver may ask the receivership court for orders to sell or settle the bank’s bad debts, doubtful debts, and certain property, and the court may approve related transactions under stated conditions.
Act or statute Open & ChatUnited States — Alabama
Section 5-2A-1 Creation of Department; Duties Generally.
1 provisions
The State Banking Department must administer the state laws covering banking businesses, savings and loan associations, and loan businesses, and its authority to do so is exclusive.
Act or statute Open & Chat