The Bureau of Savings and Loan shall consist of:

(1) A Savings and Loan Board;

Terms Used In Alabama Code 5-2A-60

  • Ex officio: Literally, by virtue of one's office.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
(2) A Commissioner of Savings and Loan, who shall be the chief officer of the Bureau of Savings and Loan, who shall be ex officio a member and Chairman of the Savings and Loan Board and who shall be the same person who is appointed Superintendent of Banks; and
(3) Such subordinate divisions and employees as are provided for in this chapter.
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