§ 5-5A-1 Procedure for incorporation – Application for permit
§ 5-5A-2 Procedure for incorporation – Notice of intention to incorporate
§ 5-5A-3 Procedure for incorporation – Affidavit of proposed incorporators; affidavit of proposed stockholders; submission of proposed certificate of incorporation; disclosure to stockholders
§ 5-5A-4 Procedure for incorporation – Investigation as to fitness of stockholders and executive officers and necessity for banks
§ 5-5A-5 Procedure for incorporation – Filing of objections to incorporation of proposed bank; investigation of objections
§ 5-5A-6 Procedure for incorporation – Certificate of Superintendent of Banks authorizing filing of certificate of incorporation
§ 5-5A-7 Procedure for incorporation – Filing and recordation of certificate of incorporation
§ 5-5A-8 Procedure for incorporation – Refusal to permit incorporation; appeal from refusal to Banking Board
§ 5-5A-9 Procedure for incorporation – Judicial review
§ 5-5A-10 Permit to transact business – Required
§ 5-5A-11 Permit to transact business – Examination; issuance and recordation of permit
§ 5-5A-12 Membership in federal deposit insurance corporation, etc
§ 5-5A-13 Filing fee; other fees
§ 5-5A-14 Capital – Minimum amount required for incorporation of bank
§ 5-5A-15 Capital – Increase or decrease
§ 5-5A-16 Issuance of capital notes and debentures
§ 5-5A-17 Amendment of certificate of incorporation; approval of amended certificate of incorporation
§ 5-5A-18 Powers of banks generally
§ 5-5A-18.1 Banks and trust companies to have power of federally chartered or regulated financial institution
§ 5-5A-19 Reserves
§ 5-5A-20 Branch banks; commercial affiliates
§ 5-5A-21 Surplus; restriction on dividends
§ 5-5A-22 Limits of indebtedness
§ 5-5A-23 Investments and loans with respect to housing
§ 5-5A-25 Acceptance of drafts or bills of exchange arising from transactions involving shipment of goods – Authority
§ 5-5A-26 Acceptance of drafts or bills of exchange arising from transactions involving shipment of goods – Limitations
§ 5-5A-27 Loans secured by own stock; purchase of own stock; ownership of capital stock of other banks
§ 5-5A-28 Pledge of assets
§ 5-5A-29 Security not required when deposits insured
§ 5-5A-30 Transactions of business on legal holidays; use of automated teller machine or other instrumentality, transaction fees, disclosure; limitation on contractual fee restrictions, intent of limitation, applicability
§ 5-5A-31 Liability for transactions on legal holidays
§ 5-5A-32 Closing of banks, etc., permitted on one business day of each week
§ 5-5A-33 Bank to pay checks drawn on it at par
§ 5-5A-35 Agreements between principal and sureties on bond for deposit of money and assets in bank, etc
§ 5-5A-36 Notice upon maturity of certificate of deposit issued for more than 90 days
§ 5-5A-37 Rights of minors
§ 5-5A-38 Disposition of small deposits of deceased person – To whom payable; when bond required
§ 5-5A-39 Disposition of small deposits of deceased person – Time for payment; when payment prohibited
§ 5-5A-40 Disposition of deposit in trust for another upon death of trustee
§ 5-5A-41 Payment of deposits made in names of two persons upon death of one; more than two persons with provision for survivorship
§ 5-5A-42 Adverse claims to deposits
§ 5-5A-43 Disclosure of customer financial records
§ 5-5A-44 Acquisition of majority of voting shares of a bank; procedure
§ 5-5A-45 Initiation of run on banks, etc
§ 5-5A-46 False, etc., statements, etc., affecting financial standing of bank
§ 5-5A-47 Liability of directors or officers; enforcement powers of superintendent

Terms Used In Alabama Code > Title 5 > Chapter 5A

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Bequest: Property gifted by will.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Dependent: A person dependent for support upon another.
  • Devise: To gift property by will.
  • Donee: The recipient of a gift.
  • Donor: The person who makes a gift.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Intestate: Dying without leaving a will.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • 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.
  • 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 35-4-73
  • subscription: include a mark when the person cannot write, if his name is written near the mark, and witnessed by a person who writes his own name as a witness, and include with respect to corporate securities facsimile signature placed upon any instrument or writing with intent to execute or authenticate such instrument or writing. See Alabama Code 30-3D-608
  • Summons: Another word for subpoena used by the criminal justice system.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • 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