Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter10A. BANKING EMERGENCIES AND COMPLIANCE WITH FEDERAL LAWS. |
§5-10A-4. Extension, etc., of banking holiday or emergency rules or regulations.
Latest version.
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Any such bank holiday or any such rule or regulation may be extended, modified, suspended or terminated by the superintendent with the concurrence of not less than two other members of the Banking Board or by any three members of the Banking Board without action by said superintendent by signing and filing their written direction to that effect with the superintendent who shall thereupon forthwith proclaim and give effect to the same.