Section 5-1A-1 – Short Title.
Section 5-1A-1 Short title. Chapters 1A through 13B and Chapter 20 of this title shall be known and may be cited as the “Alabama Banking Code.” (Acts 1980, No. 80-658, §5-1-1; Acts 1995, No. 95-115, p. 134, §66.)
Section 5-1A-1 Short title. Chapters 1A through 13B and Chapter 20 of this title shall be known and may be cited as the “Alabama Banking Code.” (Acts 1980, No. 80-658, §5-1-1; Acts 1995, No. 95-115, p. 134, §66.)
Section 5-1A-10 Use of lender information or trade name in solicitations. (a) For purposes of this section, the following terms shall have the following meanings: (1) LENDER. A bank, industrial bank, savings and loan association, savings bank, credit union, finance company, mortgage bank, mortgage broker, loan originator or holder of the loan, or other person […]
Section 5-1A-2 Definitions. For the purposes of Chapters 1A through 12A of this title, the following terms shall have the meanings respectively ascribed to them by this section: (1) BANK. Any banking corporation or trust company organized under the laws of this state under the jurisdiction of the superintendent of banks of this state or […]
Section 5-1A-3 Use of words “bank,” “banker,” “banking,” etc., restricted. The use of the words “bank,” “banker,” “banking,” or words of similar meaning in any foreign language as a designation or name, or as part of a designation or name, under which business is or may be conducted in the State of Alabama, or in […]
Section 5-1A-4 Restrictions on engaging in banking business. No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state. (Acts 1980, No. 80-658, […]
Section 5-1A-5 Supervisory provisions not applicable to national banks. The supervisory provisions of Chapters 1A through 12A of this title shall not apply to national banks. (Acts 1980, No. 80-658, §5-1-5.)
Section 5-1A-6 Inconsistent provisions in other laws superseded. Insofar as the provisions of Chapters 1A through 13B and Chapter 20 of this title are inconsistent with the provisions of any other law, general or special, the provisions of Chapters 1A through 13B and Chapter 20 of this title shall be controlling. (Acts 1980, No. 80-658, […]
Section 5-1A-7 Activities of savings and loan associations and credit unions not restricted. Chapters 1A through 12A of this title are not intended to limit or restrict activities of savings and loan associations or credit unions now or hereafter lawfully authorized. Specifically, nothing contained herein shall be construed so as to alter, amend or repeal […]
Section 5-1A-8 Effect of repeal of prior acts. The repeal of a prior act by Chapters 1A through 12A of this title shall not impair, or otherwise affect, the organization or the continued existence of an existing bank. Nor shall the repeal of a prior act by Chapters 1A through 12A of this title affect […]
Section 5-1A-9 Deposit creates debtor-creditor relationship; agreement as to person or purpose for which deposit made and payable. A deposit to a bank or other financial institution permitted by law to take deposits from the general public (“depository institution”) creates the relationship of debtor and creditor between the depositor and the depository institution. All such […]