Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter16. SAVINGS AND LOAN ASSOCIATIONS. |
§5-16-42. Operating or management contracts.
Latest version.
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No association may hereafter make any operating or management contract with any person or persons, except with the approval of the commissioner, nor shall existing contracts be extended, renewed or transferred without such approval.