Article 1. General Provisions.

§ 5-17-1. "Credit union" defined.

§ 5-17-2. Procedure for organization and incorporation generally.

§ 5-17-3. Use of words "credit union" in name or title.

§ 5-17-4. Powers generally.

§ 5-17-5. Membership.

§ 5-17-6. Withdrawal of members; expulsion for cause; termination of membership; readmission.

§ 5-17-7. Operating fees; fee filed with certificate of organization.

§ 5-17-8. Reports to Administrator of Alabama Credit Union Administration; powers of administrator.

§ 5-17-9. Fiscal year; meetings of members; amendment of bylaws.

§ 5-17-10. Election of board of directors, credit committee and supervisory committee.

§ 5-17-11. Election of officers; duties of officers and directors; compensation; liability.

§ 5-17-12. Powers and duties of credit committee.

§ 5-17-13. Powers and duties of supervisory committee.

§ 5-17-14. Capital; lien on shares and deposits of members; entrance fee.

§ 5-17-15. Deposits for minor or trust beneficiaries; deposits in names of two persons.

§ 5-17-16. Disposition of shares or deposit account of deceased person.

§ 5-17-17. Loans to members, directors, officers, etc.

§ 5-17-18. Interest rates and finance charges on loans; late charge.

§ 5-17-19. Insurance and reserves.

§ 5-17-20. Dividends.

§ 5-17-21. Voluntary dissolution.

§ 5-17-22. Merger and conversion procedures.

§ 5-17-23. Change of place of business.

§ 5-17-24. Taxation.

§ 5-17-25. Alabama Credit Union League - Advance payment of dues by member credit unions.

§ 5-17-26. Alabama Credit Union League - Issuance of advance dues certificates to member credit unions.

§ 5-17-27. Alabama Credit Union League - Amortization of credit represented by advance dues certificate.

§ 5-17-28. Alabama Credit Union League - Redemption and purchase of advance dues certificate upon dissolution, etc., of member credit union.

§ 5-17-29. Penalties - Concealment of discounts or loans.

§ 5-17-30. Penalties - Overdraws; receipt of commission, emolument, etc., for procuring loans.

§ 5-17-31. Penalties - Receipt of property other than in payment for just demand.

§ 5-17-32. Penalties - False or omitted entries.

Article 2. Alabama Credit Union Administration.

§ 5-17-40. Alabama Credit Union Administration created; functions; transfer of authority previously vested in State Banking Department.

§ 5-17-41. Administrator - Appointment; vacancy; eligibility.

§ 5-17-42. Administrator - Oath; bond.

§ 5-17-43. Official seal; use of sealed papers as evidence; recording.

§ 5-17-44. Removal from office of administrator or board member.

§ 5-17-45. Legislative findings; authority to expand powers of credit unions; out-of-state credit unions doing business in state; supervisory agreements.

§ 5-17-46. Policies, regulations, and interpretations; review for ratification; procedure for adopting, amending or repealing.

§ 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 applicability.

§ 5-17-48. Annual report; public distribution of report and other material.

§ 5-17-49. Violations to be submitted to grand jury.

§ 5-17-50. Employment and compensation of necessary personnel; assistant administrator.

§ 5-17-51. Immunity from personal liability.

§ 5-17-52. Oath and duties of examiner.

§ 5-17-53. Furnishing of commission to examiner; exhibit to credit union upon making examination.

§ 5-17-54. Bond of examiners and office assistants.

§ 5-17-55. Credit Union Board created; membership; terms of office; vacancies; appeals to board from actions of administrator.

§ 5-17-56. Meetings.

§ 5-17-57. Quorum.

§ 5-17-58. Compensation and expenses of board members.

§ 5-17-59. Applicability of Alabama Business Corporation Act.