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2019 Code of Alabama
Title 5 - Banks and Financial Institutions.
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-1.1 - Branching of trust companies; branching of out-of-state trust companies; reciprocity; cooperative agreements.
- 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 designation or name of entity.
- 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.
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