Code of Alabama - Title 5: Banks and Financial Institutions - Chapter 16 - Savings and Loan Associations

• Section 5-16-1 Short title
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-2 Definitions
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-3 Associations, etc., accepting money for promotion of thrift and financing of homes subject to provisions of chapter, etc
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-4 Procedure for incorporation - Petition for certificate of incorporation; subscription by incorporators, etc
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-5 Procedure for incorporation - Approval of petition for certificate of incorporation; certificate of approval
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-6 Procedure for incorporation - Issuance of certificate of incorporation
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-7 Bylaws
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-8 Organizational meeting
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-9 Corporate name and offices - Generally
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-10 Corporate name and offices - Change of location of home office; certificate of approval, etc
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-11 Corporate name and offices - Establishment of branch offices
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-12 Period for commencement of business; forfeiture of corporate existence for nonuse
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-13 Rights, privileges, etc., of members; annual meeting; annual financial statement; voting by members; assessment of fines and penalties against members; transfer of real estate security by borrowing member
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-14 Directors, officers and employees
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-15 Books, records and accounts
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-16 Capital and accounts
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-17 Reserve accounts; interest due and accrued account
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-18 Undivided profits account
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-19 Dividends
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-20 Repurchase of accounts
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-21 Redemption of accounts
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-22 Issuance of duplicate membership certificates
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-23 Issuance, etc., of certificates of indebtedness; receipt of public deposits; payment of guaranteed rate of interest
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-24 Powers generally
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-25 Real estate loans
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-26 Liens on accounts; pledges of accounts as security for loans
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-27 Adoption, etc., of bonus plans and payment of cash bonuses on accounts; bonus reserve account
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-28 Sales, transfers, or exchanges of assets
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-29 Mergers
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-30 Conversions
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-31 Reorganizations
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-32 Voluntary liquidation - Procedure generally
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-33 Voluntary liquidation - Remittance of unclaimed dividends and share accounts by receiver, etc.; payment of creditors and investors by commissioner
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-34 Voluntary liquidation - Certification and transmittal of unclaimed funds to State Treasurer
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-35 Voluntary liquidation - Payment of creditors or investors by State Treasurer
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-36 Reports, examinations and audits
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-37 Conservatorship; involuntary liquidation
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-38.1 Assessment fees
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-39 Foreign corporations not to transact business in state; privileges, etc., of federal savings and loan associations
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-40 Sales of accounts
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-41 Acknowledgment, etc., of instruments by public officers employed by associations, etc
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-42 Operating or management contracts
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-43 Accounts of minors, married women, joint owners and fiduciaries; investments in accounts of associations
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-44 Deposit in names of two persons, payable to either or survivor - How payable; when construed as belonging to survivor
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-45 Deposit in names of two persons, payable to either or survivor - Title to deposit upon death of either
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-46 Disposition of account of deceased person
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-47 Disposition of deposit in trust for another upon death of trustee
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-48 Engaging in mortgage brokerage business; purchase of loans; origination, purchase and sale of mortgages
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-49 Forms
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-50 Deposits with State Treasurer, etc., of securities issued by associations
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-51 Associations empowered to enter into contracts, etc., for insurance of accounts, etc
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-52 State associations may make contracts, loans or investments available to federal savings and loan associations
  Repealed by Act 2015-70 effective April 21, 2015.
• Section 5-16-53 Termination of status as insured corporation
  Repealed by Act 2015-70 effective April 21, 2015.

Last modified: May 3, 2021