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Conversion of Savings Institutions into State Banks

  • Ala. Code § 5-7A-60— Purpose.
  • Ala. Code § 5-7A-61— Definitions.
  • Ala. Code § 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.
  • Ala. Code § 5-7A-63— Resulting Bank as Continuation of Savings Institution.
  • Ala. Code § 5-7A-64— Maintenance and Operation of Offices.
  • Ala. Code § 5-7A-65— Expansion or Branching Limited.