State Codes and Statutes

Statutes > Alabama > Title5 > Chapter17

Section 5-17-1 "Credit union" defined.
Section 5-17-2 Procedure for organization and incorporation generally.
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 Expulsion or withdrawal of members.
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 5-17-9 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 generally; compensation of directors, etc.
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.
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; federally chartered credit unions.
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 applicabilit
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 Notice of board meetings; how often held; location.
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.

State Codes and Statutes

Statutes > Alabama > Title5 > Chapter17

Section 5-17-1 "Credit union" defined.
Section 5-17-2 Procedure for organization and incorporation generally.
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 Expulsion or withdrawal of members.
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 5-17-9 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 generally; compensation of directors, etc.
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.
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; federally chartered credit unions.
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 applicabilit
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 Notice of board meetings; how often held; location.
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.

State Codes and Statutes

State Codes and Statutes

Statutes > Alabama > Title5 > Chapter17

Section 5-17-1 "Credit union" defined.
Section 5-17-2 Procedure for organization and incorporation generally.
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 Expulsion or withdrawal of members.
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 5-17-9 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 generally; compensation of directors, etc.
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.
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; federally chartered credit unions.
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 applicabilit
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 Notice of board meetings; how often held; location.
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.

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