There is a newer version of the Code of Alabama
2015 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 17 - CREDIT UNIONS.
Article 2 - Alabama Credit Union Administration.
- Section 5-17-40 - Alabama Credit Union Administration created; functions; transfer of authority previously vested in State Banking Department.
- Section 5-17-41 - Administrator - Appointment; vacancy; eligibility.
- Section 5-17-42 - Administrator - Oath; bond.
- Section 5-17-43 - Official seal; use of sealed papers as evidence; recording.
- Section 5-17-44 - Removal from office of administrator or board member.
- Section 5-17-45 - Legislative findings; authority to expand powers of credit unions; out-of-state credit unions doing business in state; supervisory agreements.
- Section 5-17-46 - Policies, regulations, and interpretations; review for ratification; procedure for adopting, amending or repealing.
- Section 5-17-47 - Procedure for adopting, amending, or repealing regulations and interpretations; contesting regulation for failure to comply with procedure; action to determine validity or applicability.
- Section 5-17-48 - Annual report; public distribution of report and other material.
- Section 5-17-49 - Violations to be submitted to grand jury.
- Section 5-17-50 - Employment and compensation of necessary personnel; assistant administrator.
- Section 5-17-51 - Immunity from personal liability.
- Section 5-17-52 - Oath and duties of examiner.
- Section 5-17-53 - Furnishing of commission to examiner; exhibit to credit union upon making examination.
- Section 5-17-54 - Bond of examiners and office assistants.
- Section 5-17-55 - Credit Union Board created; membership; terms of office; vacancies; appeals to board from actions of administrator.
- Section 5-17-56 - Meetings.
- Section 5-17-57 - Quorum.
- Section 5-17-58 - Compensation and expenses of board members.
- Section 5-17-59 - Applicability of Alabama Business Corporation Act.
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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