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2018 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 17 - CREDIT UNIONS.
Article 1 - General Provisions.
- Section 5-17-1 - "Credit union" defined.
- Section 5-17-2 - Procedure for organization and incorporation.
- Section 5-17-3 - Use of words "credit union" in name or title.
- Section 5-17-4 - Powers generally.
- Section 5-17-5 - Membership.
- Section 5-17-6 - Withdrawal of members; expulsion for cause; termination of membership; readmission.
- Section 5-17-7 - Operating fees; fee filed with certificate of organization.
- Section 5-17-8 - Reports to Administrator of Alabama Credit Union Administration; powers of administrator.
- Section 5-17-8.1 - Investigatory and enforcement powers of administrator, board, designee, etc.
- Section 5-17-9 - Fiscal year; meetings of members; amendment of bylaws.
- Section 5-17-10 - Election of board of directors, credit committee, and supervisory committee.
- Section 5-17-11 - Election of officers; duties of officers and directors; compensation; liability.
- Section 5-17-12 - Powers and duties of credit committee.
- Section 5-17-13 - Powers and duties of supervisory committee.
- Section 5-17-14 - Capital; lien on shares and deposits of members; entrance fee.
- Section 5-17-15 - Deposits for minor or trust beneficiaries; deposits in names of two persons.
- Section 5-17-16 - Disposition of shares or deposit account of deceased person.
- Section 5-17-17 - Loans to members, directors, officers, etc.
- Section 5-17-18 - Interest rates and finance charges on loans; late charge.
- Section 5-17-19 - Insurance and reserves.
- Section 5-17-20 - Dividends.
- Section 5-17-21 - Voluntary dissolution.
- Section 5-17-22 - Merger and conversion procedures.
- Section 5-17-23 - Change of place of business.
- Section 5-17-24 - Taxation.
- Section 5-17-25 - Alabama Credit Union League - Advance payment of dues by member credit unions.
- Section 5-17-26 - Alabama Credit Union League - Issuance of advance dues certificates to member credit unions.
- Section 5-17-27 - Alabama Credit Union League - Amortization of credit represented by advance dues certificate.
- Section 5-17-28 - Alabama Credit Union League - Redemption and purchase of advance dues certificate upon dissolution, etc., of member credit union.
- Section 5-17-29 - Penalties - Concealment of discounts or loans.
- Section 5-17-30 - Penalties - Overdraws; receipt of commission, emolument, etc., for procuring loans.
- Section 5-17-31 - Penalties - Receipt of property other than in payment for just demand.
- Section 5-17-32 - Penalties - False or omitted entries.
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