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 5-3A-33 Regulation and Examination of Certain Service Providers; Covered Services.

  1 provisions

  If a serviced bank outsources covered services, the service provider can be regulated and examined like the bank, and the superintendent may rely on another recent examination instead of doing one again.

  Regulation Open & Chat

• United States — Alabama

  Section 5-2A-10 Superintendent - Make Good Any Impairment of Capital.

  1 provisions

  If the superintendent believes a bank’s capital is impaired, the superintendent may require the bank to make up the deficit and may examine the bank’s affairs.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-62 Application to Convert Charter; Written Plan of Conversion; Authorizing Resolution; Submission to Superintendent; Fee; Tentative Approval; Vote of Stockholders or Members; Directors; Articles of Incorporation and Bylaws; Statement of Superintendent’s Objections; Amendment; Appeal of Disapproval; Application to Fdic; Final Approval and Permit.

  1 provisions

  A savings institution may seek permission to convert its charter to operate as a state chartered bank, but it must follow the listed approval, filing, voting, and insurance steps.

  Bylaw Open & Chat

• United States — Alabama

  Section 5-7A-40 Authorized; Exchange of Stock.

  1 provisions

  A state bank may convert, merge, or consolidate with a national bank if the required shareholder consent is obtained, and the stock may be exchanged on terms set by the consenting shareholders or majority stockholders.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-112 Voluntary Closure of Branch, Agency, or Representative Office - Application.

  1 provisions

  A foreign bank may not close an Alabama branch, agency, or representative office without first applying to and getting approval from the superintendent.

  Act or statute Open & Chat

• United States — Alabama

  Section 11-54-132 Trust Agreement.

  1 provisions

  Trustee banks that are parties to a trust agreement must accept custody of contributions and administer the endowment trust fund under the agreement’s terms. If a trustee bank is also the fund manager, it must also manage and invest the fund accordingly. Trustee banks may also buy, sell, transfer, and otherwise dispose

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-14 Capital - Minimum Amount Required for Incorporation of Bank.

  1 provisions

  Banks organized under Alabama law must have at least $800,000 in initial paid-in capital, and the superintendent can require more or, in a takeover-type case, less.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-8A-40 Preferred Claims.

  1 provisions

  Certain bank-issued drafts, cashier’s checks, and similar payments can qualify as a preferred claim against a failed bank’s assets.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-10A-9 Segregation of Assets - Manners of Segregation.

  1 provisions

  A bank that must segregate assets may do so in several specified ways, including keeping them separate in its possession or placing them in certain separate deposit accounts.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-210 Rejection of Payment Order.

  1 provisions

  The receiving bank may reject a payment order by giving notice to the sender, and rejection timing depends on whether the notice method is reasonable.

  Order Open & Chat

• United States — Alabama

  Section 7-4A-212 Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order.

  1 provisions

  A receiving bank may be liable if it fails to accept a payment order it was expressly agreed to accept, but it otherwise has no duty to accept or act on the order before acceptance, and it is not the sender’s, beneficiary’s, or other transfer party’s agent.

  Order Open & Chat

• United States — Alabama

  Section 5-3A-8 Reports of Superintendent and Bank Examiners as to Examinations; Publication of Reports of Examination for Limited Purposes.

  1 provisions

  Examiners must report each examination under oath to the superintendent, who must file the report for at least two years and may publish it if the bank or affiliate does not comply within 120 days after notice.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-304 Duty of Sender to Report Erroneously Executed Payment Order.

  1 provisions

  If a sender learns a payment order was executed in error, the sender must use ordinary care to check the facts and notify the bank within 90 days.

  Order Open & Chat

• United States — Alabama

  Section 27-32-23 Deposit of Moneys Collected.

  1 provisions

  The commissioner must deposit collected moneys in approved banks or trust companies, and may place them in a national bank or trust company as a trust fund.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-2A-42 Meetings of Board - Place.

  1 provisions

  The Banking Board must hold its meetings within the state, unless a federal agency regulating banks requires a meeting outside the state.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-11 Permit to Transact Business - Examination; Issuance and Recordation of Permit.

  1 provisions

  The superintendent must check a bank’s paid-in cash capital before issuing a permit, and must issue the permit if the listed conditions are met.

  Act or statute Open & Chat

• United States — Alabama

  Section 41-1-13 Use of Central Bank Digital Currency.

  1 provisions

  Governmental agencies must not accept payments using central bank digital currency or take part in tests of it by any Federal Reserve branch.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-3-104 Negotiable Instrument.

  1 provisions

  This section defines several kinds of negotiable instruments, including instruments, notes, drafts, checks, cashier’s checks, teller’s checks, traveler’s checks, and certificates of deposit.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-103 Supervision and Enforcement.

  1 provisions

  The superintendent can supervise Alabama state branches, state agencies, and representative offices, and can use several enforcement and coordination tools.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-8A-1 Liquidation of Solvent Banks.

  1 provisions

  A solvent bank may dissolve only with the superintendent’s written approval, and after that approval it may not take any more deposits.

  Act or statute Open & Chat