§ 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.
  • Docket: A log containing brief entries of court proceedings.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • non compos mentis: include all persons of unsound mind. See Alabama Code 1-1-1
  • Oath: A promise to tell the truth.
  • oath: includes affirmation. See Alabama Code 1-1-1
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • 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.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Verdict: The decision of a petit jury or a judge.