Esheria Regulatory Atlas

Banking and finance in United States — Alabama

Financial services, banking, payments, credit, securities, and regulated finance. Every result links to its stored legal text and available official source evidence.

1,342 matching statutes

• United States — Alabama

  Section 9-10-39 Investment in Bonds by State, Banks, Insurance Companies, Etc.; Deposit of Bonds, Etc., with State or Municipal Officers or Agencies.

  1 provisions

  The provision allows listed public and private entities to legally invest in the corporation’s bonds and allows those bonds to be deposited with and received by state or municipal officers or agencies when law authorizes that kind of deposit.

  Act or statute Open & Chat

• United States — Alabama

  Section 41-14-34 How Interest on Time Deposits, Open Account, Calculated and Paid; Emergency Withdrawal of Funds on Time Deposit, Open Account.

  1 provisions

  Interest on time deposits and open accounts must be paid monthly to the State Treasurer, who must deposit it into the State Treasury; in an emergency, the Treasurer may take funds on shorter notice and may have to forfeit accrued unpaid interest required by banking regulations.

  Act or statute Open & Chat

• United States — Alabama

  Section 11-57-19 Investment in Bonds - by Executors, Savings Banks, Insurance Companies, Etc.

  1 provisions

  The provision treats these bonds as legal investments for certain savings banks and insurance companies, and allows fiduciaries to invest trust funds in them unless a court or governing document says otherwise.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-20-6 Application for Approval; Filing Fee.

  1 provisions

  Applicants to establish or acquire a credit card bank must file a prior-approval application with the superintendent.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-39 Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited.

  1 provisions

  The bank must not make the payment for 60 days after the deceased person’s death, and it must not pay if a personal representative has been appointed or a related estate proceeding is pending.

  Act or statute Open & Chat

• United States — Alabama

  Section 19-1-10 Deposit in Names of Two or More Fiduciaries.

  1 provisions

  For a trust account held by two or more fiduciaries, the bank, payee, and other holder do not have to check whether check authority breaches the trust, unless bad faith is involved.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-27 Enforcement.

  1 provisions

  If the superintendent finds an out-of-state state bank branch is violating state law or operating unsafely, the superintendent may take enforcement actions and must notify the home state regulator promptly.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-23 Form and Execution of Bonds.

  1 provisions

  The bank may prescribe the form and execution method for its bonds.

  Act or statute Open & Chat

• United States — Alabama

  Section 11-88-106 Maintenance of Sinking Fund Accounts by Official Charged with Duty of Collecting Assessments; Institution of Mandamus Proceedings Against Officer Failing to Maintain Separate Sinking Fund Accounts, Pay Bonds or Interest Thereon, Etc.

  1 provisions

  The official collecting assessments must keep sinking funds in board-designated interest-bearing banks and maintain a separate sinking fund account for each bond issued.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4A-301 Execution and Execution Date.

  1 provisions

  This provision defines when a payment order is “executed” and how to determine the execution date.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-10A-17 Officers Not to Incur Liability or Penalties for Compliance with Orders of Superintendent, Federal Laws, Etc.

  1 provisions

  Public officers and sureties on official bonds are exempt from penalty, liability, damages, increased liability, or default when a failure to act is caused by a bank’s compliance with specified banking orders, federal laws, or federal rules.

  Order Open & Chat

• United States — Alabama

  Section 5-10A-16 Compliance with Chapter, Federal Laws, Etc., Not to Entail Liability.

  1 provisions

  Banks and related guarantors are protected from penalties or liability when complying with the covered government actions, laws, or regulations, and that compliance does not release other obligated parties from liability or default.

  Act or statute Open & Chat