§ 5-16-1 Short title
§ 5-16-2 Definitions
§ 5-16-3 Associations, etc., accepting money for promotion of thrift and financing of homes subject to provisions of chapter, etc
§ 5-16-4 Procedure for incorporation – Petition for certificate of incorporation; subscription by incorporators, etc
§ 5-16-5 Procedure for incorporation – Approval of petition for certificate of incorporation; certificate of approval
§ 5-16-6 Procedure for incorporation – Issuance of certificate of incorporation
§ 5-16-7 Bylaws
§ 5-16-8 Organizational meeting
§ 5-16-9 Corporate name and offices – Generally
§ 5-16-10 Corporate name and offices – Change of location of home office; certificate of approval, etc
§ 5-16-11 Corporate name and offices – Establishment of branch offices
§ 5-16-12 Period for commencement of business; forfeiture of corporate existence for nonuse
§ 5-16-13 Rights, privileges, etc., of members; annual meeting; annual financial statement; voting by members; assessment of fines and penalties against members; transfer of real estate security by borrowing member
§ 5-16-14 Directors, officers and employees
§ 5-16-15 Books, records and accounts
§ 5-16-16 Capital and accounts
§ 5-16-17 Reserve accounts; interest due and accrued account
§ 5-16-18 Undivided profits account
§ 5-16-19 Dividends
§ 5-16-20 Repurchase of accounts
§ 5-16-21 Redemption of accounts
§ 5-16-22 Issuance of duplicate membership certificates
§ 5-16-23 Issuance, etc., of certificates of indebtedness; receipt of public deposits; payment of guaranteed rate of interest
§ 5-16-24 Powers generally
§ 5-16-25 Real estate loans
§ 5-16-26 Liens on accounts; pledges of accounts as security for loans
§ 5-16-27 Adoption, etc., of bonus plans and payment of cash bonuses on accounts; bonus reserve account
§ 5-16-28 Sales, transfers, or exchanges of assets
§ 5-16-29 Mergers
§ 5-16-30 Conversions
§ 5-16-31 Reorganizations
§ 5-16-32 Voluntary liquidation – Procedure generally
§ 5-16-33 Voluntary liquidation – Remittance of unclaimed dividends and share accounts by receiver, etc.; payment of creditors and investors by commissioner
§ 5-16-34 Voluntary liquidation – Certification and transmittal of unclaimed funds to State Treasurer
§ 5-16-35 Voluntary liquidation – Payment of creditors or investors by State Treasurer
§ 5-16-36 Reports, examinations and audits
§ 5-16-37 Conservatorship; involuntary liquidation
§ 5-16-38.1 Assessment fees
§ 5-16-39 Foreign corporations not to transact business in state; privileges, etc., of federal savings and loan associations
§ 5-16-40 Sales of accounts
§ 5-16-41 Acknowledgment, etc., of instruments by public officers employed by associations, etc
§ 5-16-42 Operating or management contracts
§ 5-16-43 Accounts of minors, married women, joint owners and fiduciaries; investments in accounts of associations
§ 5-16-44 Deposit in names of two persons, payable to either or survivor – How payable; when construed as belonging to survivor
§ 5-16-45 Deposit in names of two persons, payable to either or survivor – Title to deposit upon death of either
§ 5-16-46 Disposition of account of deceased person
§ 5-16-47 Disposition of deposit in trust for another upon death of trustee
§ 5-16-48 Engaging in mortgage brokerage business; purchase of loans; origination, purchase and sale of mortgages
§ 5-16-49 Forms
§ 5-16-50 Deposits with State Treasurer, etc., of securities issued by associations
§ 5-16-51 Associations empowered to enter into contracts, etc., for insurance of accounts, etc
§ 5-16-52 State associations may make contracts, loans or investments available to federal savings and loan associations
§ 5-16-53 Termination of status as insured corporation

Terms Used In Alabama Code > Title 5 > Chapter 16 - Savings and Loan Associations

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • chiropractic: when used in this article, is hereby defined as the science and art of locating and removing without the use of drugs or surgery any interference with the transmission and expression of nerve energy in the human body by any means or methods as taught in schools or colleges of chiropractic which are recognized by the State Board of Chiropractic Examiners. See Alabama Code 34-24-120
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Dependent: A person dependent for support upon another.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisprudence: The study of law and the structure of the legal system.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • seafoods: shall include and mean all oysters, saltwater fish, saltwater shrimp, diamond back terrapin, sea turtle, crabs and all other species of marine or saltwater animal life existing or living in the water within the territorial jurisdiction of the State of Alabama. See Alabama Code 9-2-80
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • writing: includes typewriting and printing on paper. See Alabama Code 1-1-1