There is a newer version of the Code of Alabama
2006 Alabama Code - 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.
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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