Esheria Regulatory Atlas

Banking and finance in United States — Alabama

Financial services, banking, payments, credit, securities, and regulated finance. These records come from release legal-2026.07.26-907 and link directly to stored legal text.

1,342 matching statutes

• United States — Alabama

  Section 7-4A-305 Liability for Late or Improper Execution or Failure to Execute Payment Order.

  1 provisions

  A receiving bank that improperly executes or fails to execute a payment order may have to pay interest, expenses, interest losses, and some attorney’s fees, with extra damages limited by agreement.

  Order Open & Chat

• United States — Alabama

  Section 5-13B-29 Notice of Subsequent Merger, Etc.

  1 provisions

  Certain out-of-state state banks, or their home state regulator, must give the superintendent at least 30 days’ prior written notice before a merger, consolidation, or other control-changing transaction, unless emergency-transaction rules allow shorter notice.

  Notice Open & Chat

• United States — Alabama

  Section 5-7A-60 Purpose.

  1 provisions

  This article allows certain savings and loan associations and savings banks to convert to state chartered banks if the Superintendent of Banks for Alabama approves.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-44 Rights of Dissenting Shareholders.

  1 provisions

  Dissenting state bank shareholders can demand cash for their shares after a conversion, merger, or consolidation if they follow the request and certificate-surrender steps.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-86 Powers of Branch and Agency.

  1 provisions

  Foreign bank branches and agencies in Alabama generally have the same rights and powers as an Alabama state bank, but they are also subject to the same duties and limits, with specific deposit and supervisory exceptions.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-4A-2 Applicability of Chapter to State and National Banks, Etc.

  1 provisions

  This chapter applies to banks and, if not contrary to U.S. law or regulation, also benefits national banking associations doing business in this state.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-16 Limitation of Liability of Superintendent, Members of Banking Board, or Employees.

  1 provisions

  The superintendent, Banking Board members, and Banking Department employees are not personally liable for acts done in good faith while performing their lawful duties.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-3-411 Refusal to Pay Cashier’s Checks, Teller’s Checks, and Certified Checks.

  1 provisions

  If an obligated bank wrongly refuses to pay certain checks, the person entitled to enforce the check can get compensation for expenses and lost interest, and may recover consequential damages after notice of special circumstances.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-213 Medium and Time of Settlement by Bank.

  1 provisions

  This section says a bank’s settlement medium and timing can be set by regulations, clearing-house rules, or agreement; otherwise, default rules apply.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-4 Procedure for Incorporation - Investigation as to Fitness of Stockholders and Executive Officers and Necessity for Banks.

  1 provisions

  The superintendent must investigate bank-incorporation fitness and community need before a bank is located in the community.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-5 Procedure for Incorporation - Filing of Objections to Incorporation of Proposed Bank; Investigation of Objections.

  1 provisions

  Certain community banks or reputable citizens may object to a proposed bank incorporation, and the superintendent must investigate any objection filed.

  Act or statute Open & Chat

• United States — Alabama

  Section 22-19-100 Training of Eye Bank Employees in Eye Tissue Procurement.

  1 provisions

  The Alabama Eye Bank is authorized to train its employees in sterile eye tissue procurement.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-6 Appeals; Applicability of Article to Branch Banks, Etc.

  1 provisions

  If consent is refused, an appeal may be taken to the circuit court of the county where the institution is located. The article also applies to banks with branches and their branch offices the same way it applies to other banks.

  Act or statute Open & Chat

• United States — Alabama

  Section 11-54-149 Bonds Made Legal Investments.

  1 provisions

  The bonds covered by this article may be treated as legal investments for state-law saving banks and insurance companies.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-506 Rate of Interest.

  1 provisions

  A receiving bank may have its interest amount set by agreement or by a funds-transfer system rule, and if interest is owed but not otherwise determined it is calculated by a federal-funds-rate formula; in some failed-transfer refunds, the interest is reduced by the bank’s reserve-requirement percentage.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-17 Bonds Authorized.

  1 provisions

  The bank may issue bonds for qualified projects and may pledge its revenue, funds, and other assets to secure payment of those bonds, subject to stated prior-pledge limits.

  Act or statute Open & Chat

• United States — Alabama

  Section 19-1-8 Deposit in Name of Principal.

  1 provisions

  A bank may pay a fiduciary’s check on the principal’s account, unless the bank knows the fiduciary is breaching that duty or acts in bad faith.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-8A-33 Negotiation of Loans, Granting of Security, Etc., on Behalf of Closed Bank.

  1 provisions

  The receiver may borrow money, pledge bank assets, and secure loans, but must present the proposal to the receivership court before closing it.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-21 Assessment of Banks - Fees for Failure to Pay Assessment; Proceedings for Collection of Assessment.

  1 provisions

  Banks that miss a superintendent-called assessment payment within 30 days after notice must pay the state $100 per day after that period.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-25 Powers.

  1 provisions

  State banks may conduct certain activities through branches in or outside Alabama, subject to the stated limits and the superintendent’s waiver power.

  Act or statute Open & Chat