Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-5A-17 - Amendment of certificate of incorporation; approval of amended certificate of incorporation

Section 5-5A-17 - Amendment of certificate of incorporation; approval of amended certificate of incorporation.

A bank may amend its certificate of incorporation in the manner provided by the laws governing business corporations. No proposed amendment of a certificate of incorporation of a bank is valid unless approved in writing by the superintendent and may not be recorded unless such written approval accompanies the proposed amendment.

(Acts 1980, No. 80-658, §5-5-17.)

Last modified: May 3, 2021