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 5-11A-2 Written Approval of Superintendent to Conduct Trust Business.

  1 provisions

  A bank may not operate a trust department or act as a trustee or fiduciary unless it has prior written approval from the superintendent and complies with Section 5-11A-1.

  Act or statute Open & Chat

• United States — Alabama

  Section 16-44A-16 Establishment of Bank Accounts; Adoption of Annual Budget; Performance of Independent Annual Audit.

  1 provisions

  The board must set up accounts, place funds only in a qualified state depositary bank, adopt an annual budget, and arrange an annual audit and audit copy distribution.

  Act or statute Open & Chat

• United States — Alabama

  Section 19-4A-3 Short-Term Investment Vehicle.

  1 provisions

  If the governing document gives no specific instructions, the fiduciary must invest idle funds in each fiduciary account in a short-term investment vehicle.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-97 Service of Process.

  1 provisions

  Service of process against a foreign bank or its successors, when tied to activities in the state, must be made on the superintendent, who must forward a copy by registered mail and keep a record of service.

  Act or statute Open & Chat

• United States — Alabama

  Section 45-31-231 Jail Store.

  1 provisions

  The sheriff may operate a jail store, but must keep its money in a separate Geneva County bank account and maintain records for audit.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-17 Amendment of Certificate of Incorporation; Approval of Amended Certificate of Incorporation.

  1 provisions

  A bank may amend its certificate of incorporation, but a proposed amendment is not valid unless the superintendent approves it in writing, and it cannot be recorded without that approval.

  Act or statute Open & Chat

• United States — Alabama

  Section 24-1-36 Investment by State, Fiduciaries, Banks, Etc., in Bonds, Etc., Issued by Authorities.

  1 provisions

  Several public and private fund holders may invest certain funds in qualifying housing-authority bonds or obligations; they still must use reasonable care in selecting securities.

  Act or statute Open & Chat

• United States — Alabama

  Section 9-14A-3 Definitions.

  1 provisions

  This section defines key words and phrases used in the chapter, including entities, officials, investments, and historical site terms.

  Act or statute Open & Chat

• United States — Alabama

  Section 8-6-94 Right of Minor to Receive Dividends, Etc.

  1 provisions

  A minor may receive dividends or other money tied to securities in the minor’s name.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-10A-14 Issuance of Notes or Certificates of Indebtedness as Evidence of Compensation for Services or Labor During Banking Emergency.

  1 provisions

  During a proclaimed banking emergency, certain state and private business actors may issue notes or certificates of indebtedness to employees as compensation, with superintendent approval, and the instruments are not subject to civil or criminal penalties, interest charges, or taxation.

  Act or statute Open & Chat

• United States — Alabama

  Section 22-19-102 Establishment of Standards, Procedures, Etc.

  1 provisions

  The Medical Director and the Executive Director of the Alabama Eye Bank may establish and issue standards, measures, procedures, and recommendations for donor eye tissue procurement.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-102 Examination; Payment of Fees.

  1 provisions

  The superintendent may examine Alabama state branches, agencies, and representative offices, and foreign banks linked to them must pay reasonable examination fees and expenses.

  Act or statute Open & Chat