Section 5-5A-42 – Adverse Claims to Deposits.
Section 5-5A-42 Adverse claims to deposits. Notice to any bank of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause said bank to recognize said adverse claimant unless said adverse claimant shall also either procure a restraining order, injunction or other appropriate […]
Section 5-5A-1 – Procedure for Incorporation – Application for Permit.
Section 5-5A-1 Procedure for incorporation – Application for permit. (a) The proposed incorporators of a bank shall execute and acknowledge an application for a permit in writing in the form prescribed by the superintendent and shall file the same in the office of the State Banking Department, which application shall be signed by all of […]
Section 5-5A-2 – Procedure for Incorporation – Notice of Intention to Incorporate.
Section 5-5A-2 Procedure for incorporation – Notice of intention to incorporate. Before a bank can become incorporated under the laws of Alabama, a notice of intention to organize such bank shall be published once a week for three successive weeks in the newspaper designated by the superintendent. Such notice shall specify the names of the […]
Section 5-5A-3 – Procedure for Incorporation – Affidavit of Proposed Incorporators; Affidavit of Proposed Stockholders; Submission of Proposed Certificate of Incorporation; Disclosure to Stockholders.
Section 5-5A-3 Procedure for incorporation – Affidavit of proposed incorporators; affidavit of proposed stockholders; submission of proposed certificate of incorporation; disclosure to stockholders. After the notice of intention to incorporate has been published, the parties named as proposed incorporators in the published notice of the proposed corporation shall make an affidavit before some officer authorized […]
Section 5-5A-4 – Procedure for Incorporation – Investigation as to Fitness of Stockholders and Executive Officers and Necessity for Banks.
Section 5-5A-4 Procedure for incorporation – Investigation as to fitness of stockholders and executive officers and necessity for banks. The superintendent shall ascertain whether the character and general fitness of the persons named as proposed incorporators, proposed stockholders and proposed executive officers in the affidavit and in the proposed certificate of incorporation are such as […]
Section 5-5A-5 – Procedure for Incorporation – Filing of Objections to Incorporation of Proposed Bank; Investigation of Objections.
Section 5-5A-5 Procedure for incorporation – Filing of objections to incorporation of proposed bank; investigation of objections. Any bank doing business in the community or any reputable citizen in the community may file with the superintendent an objection to the incorporation of the proposed bank, provided that the superintendent may refuse to accept objections after […]