Alabama Chapter 11A — REGULATION OF TRUST BUSINESS OF BANKS AND TRUST COMPANIES.
Article 1 General Provisions.
- Section 5-11A-1 — Amenability of trust companies to banking laws; use of word "trust" in corporate name generally; operation of trust departments, etc., by banks.
- Section 5-11A-2 — Written approval of superintendent to conduct trust business.
- Section 5-11A-3 — Capital stock requirements for trust companies.
- Section 5-11A-4 — Use of word "trust" in corporate or partnership name.
- Section 5-11A-5 — Deposit of security for operation of trust business - Amount required and form; charges against deposit.
- Section 5-11A-6 — Deposit of security for a operation of trust business - State Treasurer to decline certain bonds or securities.
- Section 5-11A-7 — Deposit of security for a operation of trust business - Certificate of deposit; purpose.
- Section 5-11A-8 — Sale of bonds or securities for satisfaction of judgment against trust company.
- Section 5-11A-9 — Exemption of trust companies, etc., acting as administrators, etc., from bond requirement.
- Section 5-11A-10 — Withdrawal of bonds or securities from deposit with trustees.
- Section 5-11A-11 — Interest on bonds or securities deposited with Treasurer payable to trust companies.
- Section 5-11A-12 — Trust company authorized to purchase its own securities in fiduciary capacity.
Article 2 Transfer of Fiduciary Accounts.
- Section 5-11A-30 — Transfer between related institutions.
- Section 5-11A-31 — Approval of superintendent.
- Section 5-11A-32 — Notice of transfer.
- Section 5-11A-33 — Objection to transfer; hearing on objection; appointment of related institution as agent.
- Section 5-11A-34 — Filing of affidavit in office of judge of probate; filing of notice of abandonment.
- Section 5-11A-35 — Substitution of transferee bank, trust company or trust department as fiduciary; effect.
- Section 5-11A-36 — "Related" defined.
- Section 5-11A-37 — Appointment of agent.