reglab/housing_qa huggingface dataset:
AL Code § 5-17-53 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 17 - Credit Unions.|Article 2 - Alabama Credit Union Administration.|Section 5-17-53 - Furnishing of Commission to Examiner; Exhibit to Credit Union Upon Making Examination.

Section 5-17-53Furnishing of commission to examiner; exhibit to credit union upon making examination. Repealed by Act 2014-317, §2, effective May 1, 2014. (Acts 1985, No. 85-457, p. 425, §30.)
AL Code § 5-17-54 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 17 - Credit Unions.|Article 2 - Alabama Credit Union Administration.|Section 5-17-54 - Bond of Alabama Credit Union Administration Employees.

Section 5-17-54Bond of Alabama Credit Union Administration employees. Before entering upon the duties of their respective offices, the administrator shall cause the Division of Risk Management of the Department of Finance or its successor agency to include each employee of the Alabama Credit Union Administration under a bond to be fixed and approved by the administrator, for the faithful performance of their duties. (Acts 1985, No. 85-457, p. 425, §31; Act 2016-133, §1.)
AL Code § 5-17-56 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 17 - Credit Unions.|Article 2 - Alabama Credit Union Administration.|Section 5-17-56 - Meetings; Executive Sessions; Confidential Information.

Section 5-17-56Meetings; executive sessions; confidential information. (a) The administrator shall comply with the Alabama Open Meetings Law, Chapter 25A of Title 36. The Credit Union Board shall meet not less than once every calendar year. Any meeting of the Credit Union Board may be held at any place in the state where it is called to meet by the administrator. (b) In order to comply with state and federal confidentiality requirements, at any meeting, the Credit Union Board may enter executive session to do any of the following: (1) Protect the confidentiality of reports or information under Section 5-17-60 and any other provisions of this title. (2) Review information concerning the condition and affairs of any proposed credit union, any credit union, any subsidiary or affiliate of a credit union, or several credit unions or their subsidiaries, or to review the personal or financial information of individuals or credit union members. (3) Undertake any purpose for which a governmental body is permitted to go into executive session under the Alabama Open Meetings Act. (4) Accomplish any other purpose of the Credit Union Board that requires it to receive or consider information that is confidential under this title. (5) Comply with any other state or federal law requiring confidentiality. (c) Confidential information under this title includes all information set forth in subsection (b), as well as other information designated as confidential in this title or under state or federal law, and any other information as determined by the administrator. (Acts 1985, No. 85-457, p. 425, §33; p. 315, Act 2014-317, p. 1122, §1; Act 2018-470, §1.)
AL Code § 5-17-57 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 17 - Credit Unions.|Article 2 - Alabama Credit Union Administration.|Section 5-17-57 - Quorum.

Section 5-17-57Quorum. A majority of the Credit Union Board shall constitute a quorum for the transaction of any business. (Acts 1985, No. 85-457, p. 425, §34.)
AL Code § 5-17-58 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 17 - Credit Unions.|Article 2 - Alabama Credit Union Administration.|Section 5-17-58 - Compensation and Expenses of Board Members.

Section 5-17-58Compensation and expenses of board members. No person appointed as member of said Credit Union Board shall receive any compensation for his services; except, that each appointed member of said Credit Union Board shall receive $25.00 per day for each day said Credit Union Board is in session, but in no event to exceed $100.00 for each member of said board during any one month, plus travel expenses payable pursuant to Article 2 of Chapter 7 of Title 36. The compensation going to the seven appointed members of the Credit Union Board shall be paid as earned by the Treasurer on warrants drawn by the Comptroller, in favor of each of them, which warrants are to be drawn on the certificate of the administrator of credit unions, which certificate shall certify that a meeting of said board was held, stating the time of meeting and stating the amount to which each member of the board is entitled. (Acts 1985, No. 85-457, p. 425, §35.)
AL Code § 5-17-59 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 17 - Credit Unions.|Article 2 - Alabama Credit Union Administration.|Section 5-17-59 - Applicability of Alabama Business Corporation Act.

Section 5-17-59Applicability of Alabama Business Corporation Act. Any Alabama state chartered credit union shall be subject to the provisions of the Alabama Business Corporation Act, specifically to Sections 10-2A-260, 10-2A-261, 10-2A-283, 10-2A-284, 10-2A-25, 10-2A-26, 10-2A-27, 10-2A-28 and 10-2A-29. (Acts 1985, No. 85-457, p. 425, §36.)
AL Code § 5-24-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 1 - Definitions and General Provisions.|Section 5-24-2 - Scope of Chapter.

Section 5-24-2Scope of chapter. This chapter does not apply to (1) an account established for a corporation, partnership, joint venture, other organization for a business purpose, an unincorporated association, or charitable or civic organization, (2) an account controlled by one or more persons as an agent or trustee for an organization described in subdivision (1), or (3) a fiduciary or trust account in which the relationship is established other than by the terms of the account. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 1 - Definitions and General Provisions.|Section 5-24-3 - Types of Account; Existing Accounts.

Section 5-24-3Types of account; existing accounts. (a) An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to subsection (c) of Section 5-24-12, either a single-party account or a multiple-party account may have a POD designation, an agency designation, or both. (b) An account established before, on, or after March 1, 1998, whether in the form prescribed in Section 5-24-4 or in any other form, is either a single-party account or a multiple-party account, with or without right of survivorship, and with or without a POD designation or an agency designation, within the meaning of this chapter, and is governed by this chapter. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 1 - Definitions and General Provisions.|Section 5-24-4 - Forms.

Section 5-24-4Forms. (a) A contract of deposit may contain provisions in substantially the following form to establish the type of account provided, and the account shall be governed by the provisions of this chapter applicable to an account of that type:UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM  PARTIES [Name One Or More Parties]:____________________________________ OWNERSHIP[Select One]:___________SINGLE-PARTY ACCOUNT___________MULTIPLE-PARTY ACCOUNT Parties own account during the lifetime of all parties in proportion to net contributions unless there is clear and convincing evidence of a different intent.RIGHTS AT DEATH[Select One]:___________SINGLE-PARTY ACCOUNT  At death of party, ownership passes as part of party's estate.___________SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION [Name One Or More Beneficiaries]:__________________________________________ At death of party, ownership passes to POD beneficiaries and is not part of party's estate.___________MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP At death of party, ownership passes to surviving parties.___________MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY ON DEATH ) DESGINATION [Name One Or More Beneficiaries]:____________________________________________At death of last surviving party, ownership passes to POD beneficiaries and is not part of last surviving party's estate.___________MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP At death of party, deceased party's ownership passes as part of deceased party's estate.AGENCY DESIGNATION [Optional] Agents may make account transactions for parties but have no ownership or rights at death unless named as POD beneficiaries. [To Add Agency Designation To Account, Name One Or More Agents]:______________________________[Select One]:___________AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES___________AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES (b) A contract of deposit that does not contain provisions in substantially the form provided in subsection (a) is governed by the provisions of this chapter applicable to the type of account that most nearly conforms to the depositor's intent as expressed in the contract of deposit. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 1 - Definitions and General Provisions.|Section 5-24-5 - Designation of Agent.

Section 5-24-5Designation of agent. (a) By a signed writing, a party may designate one or more persons other than a party as his or her agent on an account. Unless the terms of the agency designation provide otherwise, the agency designation may be revoked or amended only by the party making the designation or by a guardian, conservator, or other fiduciary appointed by a court of the party's domicile and charged with the management of the account. (b) Unless the terms of an agency designation provide otherwise, the agent's authority survives disability, incompetency, and incapacity of the party making the agency designation. The agent may act for a disabled, incompetent, or incapacitated party until the authority of the agent is revoked. (c) Death of the party making the agency designation terminates the authority of an agent. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 1 - Definitions and General Provisions.|Section 5-24-6 - Applicability of Chapter.

Section 5-24-6Applicability of chapter. The provisions of Article 2 concerning beneficial ownership as between parties or as between parties and beneficiaries apply only to controversies between those persons and their creditors and other successors, and do not apply to the right of those persons to payment as determined by the terms of the account. Article 3 governs the liability and set-off rights of financial institutions that make payments pursuant to it. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-11 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 2 - Ownership as Between Parties and Others.|Section 5-24-11 - Ownership During Lifetime.

Section 5-24-11Ownership during lifetime. (a) In this section, "net contribution" of a party means the sum of all deposits to an account made by or for the party, less all payments from the account made to or for the party which have not been paid to or applied to the use of another party and a proportionate share of any charges deducted from the account, plus a proportionate share of any interest or dividends earned, whether or not included in the current balance. The term includes any deposit life insurance proceeds added to the account by reason of death of the party whose net contribution is in question. (b) During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums on deposit, unless there is clear and convincing evidence of a different intent. As between parties married to each other, in the absence of proof otherwise, the net contribution of each is presumed to be an equal amount. (c) A beneficiary in an account having a POD designation has no right to sums on deposit during the lifetime of any party. (d) An agent in an account with an agency designation has no beneficial right to sums on deposit. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-12 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 2 - Ownership as Between Parties and Others.|Section 5-24-12 - Rights at Death.

Section 5-24-12Rights at death. (a) Except as otherwise provided in this chapter, on death of a party sums on deposit in a multiple-party account belong to the surviving party or parties. If two or more parties survive and one is the surviving spouse of the decedent, the amount to which the decedent, immediately before death, was beneficially entitled under Section 5-24-11 belongs to the surviving spouse. If two or more parties survive and none is the surviving spouse of the decedent, the amount to which the decedent, immediately before death, was beneficially entitled under Section 5-24-11 belongs to the surviving parties in equal shares, and augments the proportion to which each survivor, immediately before the decedent's death, was beneficially entitled under Section 5-24-11, and the right of survivorship continues between the surviving parties. (b) In an account with a POD designation: (1) On death of one of two or more parties, the rights in sums on deposit are governed by subsection (a). (2) On death of the sole party or the last survivor of two or more parties, sums on deposit belong to the surviving beneficiary or beneficiaries. If two or more beneficiaries survive, sums on deposit belong to them in equal and undivided shares, and there is no right of survivorship in the event of death of a beneficiary thereafter. If no beneficiary survives, sums on deposit belong to the estate of the last surviving party. (c) Sums on deposit in a single-party account without a POD designation, or in a multiple-party account that, by the terms of the account, is without right of survivorship, are not affected by death of a party, but the amount to which the decedent, immediately before death, was beneficially entitled under Section 5-24-11 is transferred as part of the decedent's estate. A POD designation in a multiple-party account without right of survivorship is ineffective. For purposes of this section, designation of an account as a tenancy in common establishes that the account is without right of survivorship. (d) The ownership right of a surviving party or beneficiary, or of the decedent's estate, in sums on deposit is subject to requests for payment made by a party before the party's death, whether paid by the financial institution before or after death, or unpaid. The surviving party or beneficiary, or the decedent's estate, is liable to the payee of an unpaid request for payment. A proceeding to assert such liability must be commenced within one year after death of the decedent. The liability is limited to a proportionate share of the amount transferred under this section, to the extent necessary to discharge the request for payment. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-13 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 2 - Ownership as Between Parties and Others.|Section 5-24-13 - Alteration of Rights.

Section 5-24-13Alteration of rights. (a) Rights at death under Section 5-24-12 are determined by the type of account at the death of a party. The type of account may be altered by written notice given by a party to the financial institution to change the type of account or to stop or vary payment under the terms of the account. The notice must be signed by a party and received by the financial institution during the party's lifetime. (b) A right of survivorship arising from the express terms of the account, Section 5-24-12, or a POD designation, may not be altered by will. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-14 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 2 - Ownership as Between Parties and Others.|Section 5-24-14 - Accounts and Transfers Nontestamentary.

Section 5-24-14Accounts and transfers nontestamentary. Except as a consequence of, and to the extent directed by, Section 5-24-15, a transfer resulting from the application of Section 5-24-12 is effective by reason of the terms of the account involved and this chapter and is not testamentary or subject to estate administration. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-15 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 2 - Ownership as Between Parties and Others.|Section 5-24-15 - Rights of Creditors and Others.

Section 5-24-15Rights of creditors and others. (a) If other assets of the estate are insufficient, a transfer resulting from a right of survivorship or POD designation under this chapter is not effective against the estate of a deceased party to the extent needed to pay claims against the estate and statutory allowances to the surviving spouse and children. (b) A surviving party or beneficiary who receives payment from an account after death of a party is liable to account to the personal representative of the decedent for a proportionate share of the amount received to which the decedent, immediately before death, was beneficially entitled under Section 5-24-11, to the extent necessary to discharge the claims and allowances described in subsection (a) remaining unpaid after application of the decedent's estate. A proceeding to assert the liability may not be commenced unless the personal representative has received a written demand by the surviving spouse, a creditor, a child, or a person acting for a child of the decedent. The proceeding must be commenced within one year after death of the decedent. (c) A surviving party or beneficiary against whom a proceeding to account is brought may join as a party to the proceeding a surviving party or beneficiary of any other account of the decedent. (d) Sums recovered by the personal representative must be administered as part of the decedent's estate. This section does not affect the protection from claims of the personal representative or estate of a deceased party provided in Section 5-24-26 for a financial institution that makes payment in accordance with the terms of the account. (e) In this section: (1) CHILD includes any individual entitled to take as a child by intestate succession from the parent whose relationship is involved and excludes any person who is only a stepchild, a foster child, a grandchild, or any more remote descendant. (2) CLAIMS, in respect to the estate of a decedent, includes liabilities of the decedent whether arising in contract, tort, or otherwise, and liabilities of the estate which arise at or after the death of the decedent, including funeral expenses and expenses of administration. The term does not include estate or inheritance taxes, or demands or disputes regarding title of a decedent to specific assets alleged to be included in the estate. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-21 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 3 - Protection of Financial Institutions.|Section 5-24-21 - Authority of Financial Institution.

Section 5-24-21Authority of financial institution. A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account, and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account. A financial institution may answer "indebted", or a similar answer, for the entire amount of an account upon receipt of a garnishment, levy, or similar process involving a party and pay the entire amount in the account pursuant to the process even though the process is issued in the name of fewer than all parties. The parties on the account may assert their claims to ownership of the account in the proceedings out of which the process arose or was issued. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-22 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 3 - Protection of Financial Institutions.|Section 5-24-22 - Payment on Multiple-Party Account.

Section 5-24-22Payment on multiple-party account. A financial institution, on request, may pay sums on deposit in a multiple-party account to: (1) One or more of the parties, whether or not another party is disabled, incapacitated, or deceased when payment is requested and whether or not the party making the request survives another party; or (2) The personal representative, if any, of a deceased party if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary, unless the account is without right of survivorship under Section 5-24-12; or (3) The persons named in Section 5-5A-38, in accordance with the procedures set forth in Sections 5-5A-38 and 5-5A-39. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-23 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 3 - Protection of Financial Institutions.|Section 5-24-23 - Payment on Pod Designation.

Section 5-24-23Payment on POD designation. A financial institution, on request, may pay sums on deposit in an account with a POD designation to: (1) One or more of the parties, whether or not another party is disabled, incapacitated, or deceased when the payment is requested and whether or not a party survives another party; (2) The beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or (3) The personal representative, if any, if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account either as a party or beneficiary; or (4) The persons named in Section 5-5A-38, in accordance with the procedures in Sections 5-5A-38 and 5-5A-39. (Acts 1997, No. 97-644, p. 1177, §1.)
AL Code § 5-24-24 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 24 - Uniform Multiple-Person Accounts Act.|Article 3 - Protection of Financial Institutions.|Section 5-24-24 - Payment to Designated Agent.

Section 5-24-24Payment to designated agent. A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in the account, whether or not a party is disabled, incompetent, incapacitated, or deceased when the request is made or received, and whether or not the authority of the agent terminates on the death, disability, incompetency, or incapacity of a party. (Acts 1997, No. 97-644, p. 1177, §1.)