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Alabama Code (Last Updated: November 28, 2014)

Title5 BANKS AND FINANCIAL INSTITUTIONS.

Chapter7A. BANK MERGER, CONSOLIDATION, OR CONVERSION.

Article4. Conversion of Savings Institutions Into State Banks.

Article4. Conversion of Savings Institutions Into State Banks.

§ 5-7A-60. Purpose.

§ 5-7A-61. Definitions.

§ 5-7A-62. Application to convert charter; written plan of conversion; authorizing resolution; submission to superintendent; fee; tentative approval; vote of stockholders or members; directors; articles of incorporation and bylaws; statement of superintendent's objections; amendment; appeal of disapproval; application to FDIC; final approval and permit.

§ 5-7A-63. Resulting bank as continuation of savings institution.

§ 5-7A-64. Maintenance and operation of offices.

§ 5-7A-65. Expansion or branching limited.