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2017 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 7A - BANK MERGER, CONSOLIDATION, OR CONVERSION.
Article 4 - Conversion of Savings Institutions Into State Banks.
Section 5-7A-60 - Purpose.
Universal Citation: AL Code § 5-7A-60 (2017)
Section 5-7A-60Purpose.
It is the purpose of this article to permit state and federally chartered savings and loan associations and savings banks to convert to state chartered banks with the approval of the Superintendent of Banks for the State of Alabama in accordance with the provisions of this article.
(Acts 1990, No. 90-289, p. 387, §1.)
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