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 5-2A-22 Independent Audits; Minimum Standards; Advisory Committee; Report in Lieu of Audit.

  1 provisions

  Each state bank’s board must get an annual audit by superintendent-approved independent auditors, unless the bank has an approved internal audit system.

  Act or statute Open & Chat

• United States — Alabama

  Section 23-7-6 Funding; Pledge of Revenues.

  1 provisions

  This section lists revenue and funding sources that may be used for the bank, and it allows the bank to pledge certain revenues for bonds and other financial assistance.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-5A-19 Reserves.

  1 provisions

  Banks must keep required reserves, notify the superintendent of deficiencies within three business days, and pay a fee for a deficiency; reserve amounts and the notice method are set by the Banking Board and superintendent.

  Act or statute Open & Chat

• United States — Alabama

  Section 45-13-40 Branch Banks Authorized.

  1 provisions

  A bank established in Clarke County may open and operate branches and similar offices, but it must first get written consent from the State Superintendent of Banks or the Comptroller of the Currency, as applicable.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-60 Purpose.

  1 provisions

  This provision says Alabama banking laws should not discriminate against Alabama banks or interstate branches owned or controlled by foreign banks or other foreign persons in a way that conflicts with federal law or U.S. policy.

  Act or statute Open & Chat

• United States — Alabama

  Section 45-14-40 Branch Banks Authorized.

  1 provisions

  Banks established in Clay County may open and operate branches there, but only after getting written consent from the State Superintendent of Banks or the Comptroller of the currency, as applicable.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-23 Declaration of Incorporation.

  1 provisions

  Before the superintendent issues the certificate, a majority of the bank’s directors must file a declaration of incorporation in the office where a certificate of incorporation would be filed.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-6A-1 Directors of Banks to Own Stock in Bank; Citizenship and Residence of Directors.

  1 provisions

  Bank directors must meet citizenship, stock ownership, and residency requirements, and people convicted of a felony or moral turpitude offense may not serve as directors.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-402 Bank’s Liability to Customer for Wrongful Dishonor; Time of Determining Insufficiency of Account.

  1 provisions

  A payor bank may dishonor a properly payable item only in the situations described here, and it may also dishonor an item that would create an overdraft unless it has agreed to pay the overdraft.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-11A-1.1 Branching of Trust Companies; Branching of Out-of-State Trust Companies; Reciprocity; Cooperative Agreements.

  1 provisions

  Certain corporations may establish offices, and the superintendent may allow out-of-state trust companies and banks to do the same if reciprocity exists.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-1 Banks May Merge or Consolidate; Transfer of Place of Business.

  1 provisions

  Any bank may merge or consolidate with another bank, transfer assets and liabilities to another bank, and move its office or place of business to another city or town within the state.

  Act or statute Open & Chat

• United States — Alabama

  Section 7-4-204 Methods of Sending and Presenting; Sending Directly to Payor Bank.

  1 provisions

  A collecting bank must use a reasonably prompt method to send items, and it may send items in several specified ways, including directly to the payor bank in some cases.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-100 Change of Control of Foreign Bank.

  1 provisions

  A licensed foreign bank must file a notice with the superintendent within 14 calendar days after it learns of a control acquisition or merges with another foreign bank.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-6A-3 Meeting of Board of Directors; Bonds of Officers and Employees of Banks.

  1 provisions

  Bank boards must meet at least every two months, and banks must bond officers and employees who handle money or valuables; the superintendent can call meetings and approve bond form.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-7A-43 Continuation of Identity, Obligations, Etc., of State Bank.

  1 provisions

  When the conversion, merger, or consolidation takes effect, the national bank is treated as continuing the state bank’s identity and takes over its rights, obligations, trusts, and related duties.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-88 Authority to Act as Agent.

  1 provisions

  Certain Alabama state branches or agencies of a licensed foreign bank may act as agent for affiliated depository institutions, but they cannot do prohibited activities and must follow safe banking practices.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-13B-83 Application to Establish and Maintain a Branch or Agency - Manner of Filing and Determination.

  1 provisions

  Foreign banks applying for an Alabama state branch or agency license must file specified documents with the superintendent, who must issue the license if the stated requirements and fees are satisfied.

  Act or statute Open & Chat

• United States — Alabama

  Section 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.

  1 provisions

  Banks may do business on legal holidays (except Sunday), use ATMs or similar devices, charge transaction fees, and must disclose those fees.

  Act or statute Open & Chat

• United States — Alabama

  Section 5-10A-3 Declaration of Banking Holidays; Promulgation of Emergency Rules or Regulations.

  1 provisions

  If an emergency is believed to exist, the superintendent or three Banking Board members may declare a bank holiday or issue/approve emergency banking rules.

  Regulation Open & Chat

• United States — Alabama

  Section 23-7-1 Short Title.

  1 provisions

  This chapter may be cited as the Alabama Transportation Infrastructure Bank Act.

  Act or statute Open & Chat