reglab/housing_qa huggingface dataset:
AL Code § 5-10A-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-3 - Declaration of Banking Holidays; Promulgation of Emergency Rules or Regulations.

Section 5-10A-3Declaration of banking holidays; promulgation of emergency rules or regulations. Whenever, in the opinion of the superintendent it shall be deemed that an emergency exists, the superintendent with the concurrence of not less than two other members of the Banking Board, or any three members of the Banking Board without action by said superintendent, shall be authorized to declare and put into effect a bank holiday for such period as he or they may deem necessary or to promulgate or approve such emergency rules or regulations with respect to banking business, practices and transactions within the state or within any community or locality therein as shall, in his or their opinion, be deemed necessary. Such rules and regulations shall continue in force for such period as may be fixed by him or them in promulgating the same and until modified, suspended or terminated as provided in this chapter. (Acts 1980, No. 80-658, §5-10-3.)
AL Code § 5-10A-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-4 - Extension, etc., of Banking Holiday or Emergency Rules or Regulations.

Section 5-10A-4Extension, etc., of banking holiday or emergency rules or regulations. Any such bank holiday or any such rule or regulation may be extended, modified, suspended or terminated by the superintendent with the concurrence of not less than two other members of the Banking Board or by any three members of the Banking Board without action by said superintendent by signing and filing their written direction to that effect with the superintendent who shall thereupon forthwith proclaim and give effect to the same. (Acts 1980, No. 80-658, §5-10-4.)
AL Code § 5-10A-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-5 - Sections 5-10a-1 Through 5-10a-4 Applicable Only in Emergencies; Duration of Emergency Action.

Section 5-10A-5Sections 5-10A-1 through 5-10A-4 applicable only in emergencies; duration of emergency action. The provisions of Sections 5-10A-1 through 5-10A-4 authorize actions to be taken during an emergency. Any action taken pursuant to these sections shall be reported to the Banking Board and shall automatically terminate upon the expiration of 120 days unless such action is approved during that period by a majority of the Banking Board. (Acts 1980, No. 80-658, §5-10-5.)
AL Code § 5-10A-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-6 - Operation of Banks Under Federal Laws.

Section 5-10A-6Operation of banks under federal laws. Any bank may do any and all things necessary or desirable to permit it to operate under the provisions of any act of Congress of the United States now or hereafter enacted. (Acts 1980, No. 80-658, §5-10-7.)
AL Code § 5-10A-7 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-7 - Payment of Expenses of Bank Operating Without Receivership Liquidation.

Section 5-10A-7Payment of expenses of bank operating without receivership liquidation. Whenever, pursuant to any provision of this chapter, any bank is authorized to do any one or more of the things specified in this chapter without receivership liquidation, its operating expenses, including compensation to officers and employees, shall be payable as a first charge against all of its assets, subject to such proration thereof and such limitations as may be placed thereon from time to time by any rules and regulations made and adopted and extended or modified from time to time as in this chapter provided. Any such rules and regulations may permit any bank to make charges for any banking service performed by it, and it shall be lawful for any bank to charge accordingly for services not in excess of the amount authorized by such rules and regulations. (Acts 1980, No. 80-658, §5-10-8.)
AL Code § 5-10A-8 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-8 - Segregation of Assets - Manner of Segregation Generally; Distribution of Segregated Assets Upon Receivership Liquidation of Bank.

Section 5-10A-8Segregation of assets - Manner of segregation generally; distribution of segregated assets upon receivership liquidation of bank. Whenever pursuant to any provision of state or federal law or of any rule or regulation by any state or federal authority made or adopted pursuant thereto or whenever pursuant to contractual arrangement any bank is under duty or obligation to segregate particular assets for or towards the liquidation or discharge of particular liabilities or specified percentages of particular liabilities, such assets shall be segregated in such manner as to provide for the pro rata application of the proceeds thereof from time to time to the particular liabilities or percentage of particular liabilities for the purpose of which they are segregated without preference or priority of one liability over another and in accordance with the amounts of such particular liabilities as of the date of such segregation. Upon any receivership liquidation of any bank, the particular assets so segregated and any then remaining proceeds of any thereof shall, subject to expenses of liquidation, be distributable pro rata toward the particular liabilities or percentage of particular liabilities on account of which segregated, with proper adjustment for previous payments therefrom. (Acts 1980, No. 80-658, §5-10-9.)
AL Code § 5-10A-9 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-9 - Segregation of Assets - Manners of Segregation.

Section 5-10A-9Segregation of assets - Manners of segregation. Whenever pursuant to any provision of state or federal law or of any rule or regulation by any state or federal authority made or adopted pursuant thereto, or whenever pursuant to contractual arrangement any bank is under duty or obligation to segregate particular items or assets separate and apart from other items or assets, the same may be either segregated specifically and in kind in the possession of the bank but commingled within the class or amount for the purpose of which they are segregated, or converted into a deposit account separate from any general or other deposit account of such bank with a Federal Reserve Bank or branch thereof, created and organized under an act of Congress of the United States approved December 23, 1913, known as the Federal Reserve Act, as amended, or with any governmental agency hereafter created by act of Congress of the United States authorized to receive such deposit accounts but commingled in such account within the class or amount for the purpose of which such deposit is made, or converted into a deposit account separate from any general or other deposit account of such bank with any one or more other banks or with any one or more banks doing business outside of the state and members of the Federal Reserve System or any governmental agency hereafter created by act of Congress of the United States authorized to receive such deposit accounts but commingled in such account within the class or amount for the purpose of which such deposit is made, or either or any one or more of the foregoing. Any such segregation shall be sufficient if made in any one or more of the manners above specified at or as of the close of business on any banking day. (Acts 1980, No. 80-658, §5-10-10.)
AL Code § 5-10A-10 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-10 - Segregation of Assets - Commingling of Items in Classes of Deposits.

Section 5-10A-10Segregation of assets - Commingling of items in classes of deposits. Within any class of deposits in any bank for the purpose of which class particular assets are segregated, the separate items may be mingled and commingled. (Acts 1980, No. 80-658, §5-10-11.)
AL Code § 5-10A-11 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-11 - Segregation of Assets - Adjustments; Identification of Segregated Items.

Section 5-10A-11Segregation of assets - Adjustments; identification of segregated items. Whenever any bank is required to segregate particular assets under any rule or regulation promulgated or extended or modified under this chapter, it shall accomplish such segregation as promptly as reasonably possible and shall at and as of the close of business on each banking day adjust such segregation to the additions thereto and withdrawals therefrom in accordance with rules and regulations promulgated, extended or modified from time to time under this chapter. Transfer orders as of the close of business each banking day shall be sufficient for the purposes of any such segregation or adjustment thereof. Any segregation made in accordance with the provisions of this chapter or in accordance with any rule or regulation promulgated, extended or modified under this chapter shall be sufficient identification of the items included in such segregation for all purposes. (Acts 1980, No. 80-658, §5-10-12.)
AL Code § 5-10A-12 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-12 - Discharge of Deposits of Script, Clearinghouse Certificates or Emergency Currency.

Section 5-10A-12Discharge of deposits of script, clearinghouse certificates or emergency currency. Any deposit of script, clearinghouse certificates or emergency currency in any form or of any order on any such deposit shall be dischargeable in whole or in part either in kind or in legal tender of the United States of a value no greater than the current exchange value of the script, clearinghouse certificates or emergency currency originally deposited at the time of the payment at the option of the bank accepting such deposit. Any other deposit shall be dischargeable when and as entitled to payment thereof or on account thereof only in legal tender of the United States as fixed by the laws of the United States in force and effect at the time of payment thereof or of payment on account thereof. (Acts 1980, No. 80-658, §5-10-13.)
AL Code § 5-10A-13 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-13 - Issuance and Reissuance of Script, Clearinghouse Certificates or Emergency Currency.

Section 5-10A-13Issuance and reissuance of script, clearinghouse certificates or emergency currency. The superintendent with the concurrence of not less than two other members of the Banking Board, or any three members of the Banking Board without action by said superintendent may from time to time authorize any bank singly or by groups, to issue and reissue from time to time script, certificates, clearinghouse certificates or emergency currency in such form, under such restrictions and conditions, entitled to such lien on specific security therefor or without such lien and entitled to such rights and privileges as said state officials may authorize, approve or direct. The issue and reissue thereof shall be lawful and subject to no civil or criminal penalties or interest charges or taxation or additions of any kind thereto, notwithstanding any contrary provisions of the laws of this state. (Acts 1980, No. 80-658, §5-10-14.)
AL Code § 5-10A-14 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-14 - Issuance of Notes or Certificates of Indebtedness as Evidence of Compensation for Services or Labor During Banking Emergency.

Section 5-10A-14Issuance of notes or certificates of indebtedness as evidence of compensation for services or labor during banking emergency. Where a banking emergency has been proclaimed by the superintendent and until such time as such emergency is declared to have ended by proclamation of the superintendent, it shall be lawful for the state or any political subdivision thereof and for merchants, manufacturers, public utilities and other business establishments in this state, whether conducted by an individual or individuals or under corporate charter, with the approval of the superintendent to issue as evidence of compensation for services or labor notes or certificates of indebtedness to their employees in convenient denominations, payable not more than 90 days after such proclamation shall be made, and none thereof shall be subject to any civil or criminal penalties or interest charges or taxation or additions thereto of any kind notwithstanding any contrary provisions of the laws of this state. The right of the state or any political subdivision thereof to issue notes in anticipation of the collection of taxes under any law now in force and effect shall not be impaired or affected by the provisions of this section. (Acts 1980, No. 80-658, §5-10-15.)
AL Code § 5-10A-15 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-15 - Authorization and Approval of Reorganization of Bank Without Receivership Liquidation.

Section 5-10A-15Authorization and approval of reorganization of bank without receivership liquidation. The superintendent with the concurrence of not less than two other members of the Banking Board or any three members of the Banking Board without action by said superintendent are hereby further authorized and empowered to approve and authorize any bank to reorganize its business and affairs, without receivership liquidation, to such extent as may be deemed by them proper, and any reorganization so approved and authorized shall be lawful and effective; provided, that in no case shall the paid-in capital stock be permitted thereby to be reduced below the minimum amount now required by law. (Acts 1980, No. 80-658, §5-10-16.)
AL Code § 5-10A-16 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-16 - Compliance With Chapter, Federal Laws, etc., Not to Entail Liability.

Section 5-10A-16Compliance with chapter, federal laws, etc., not to entail liability. No bank nor any surety or guarantor of any bank shall suffer any penalty or liability for damages or increase of liability or be in default, nor shall any maker, endorser, guarantor or other party or person be released from liability or obligation or be in default by reason of a bank's compliance with any action of any state official authorized or ratified by this chapter or compliance with any act of Congress of the United States now or hereafter enacted or with any rule or regulation promulgated by duly constituted officials of the United States. (Acts 1980, No. 80-658, §5-10-18.)
AL Code § 5-10A-17 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-17 - Officers Not to Incur Liability or Penalties for Compliance With Orders of Superintendent, Federal Laws, Etc.

Section 5-10A-17Officers not to incur liability or penalties for compliance with orders of superintendent, federal laws, etc. No public officer or surety on his official bond shall suffer any penalty or liability for damages or increase of liability or be in default by reason of any failure on his part to perform any act or duty where such failure is due to compliance by any bank with any order or requirement of the superintendent or the Banking Board authorized or ratified by this chapter or with any act of Congress of the United States now or hereafter enacted or with any rule or regulation promulgated by duly constituted officials of the United States. (Acts 1980, No. 80-658, §5-10-19.)
AL Code § 5-12A-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 12A - Administration, etc., of Common Trust Funds.|Section 5-12A-1 - Definitions.

Section 5-12A-1Definitions. As used in this chapter, the following terms shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) TRUST INSTITUTION. Any state bank, any national bank or any trust company authorized to act in a fiduciary capacity in this state and under the supervision of the Comptroller of the Currency of the United States or the Federal Reserve System, or the Superintendent of Banks of the State of Alabama. (2) AFFILIATED TRUST INSTITUTION. A trust institution which, together with one or more other trust institutions, are each owned or controlled by a bank holding company which is under the supervision of the Board of Governors of the Federal Reserve System. (3) OWNED OR CONTROLLED. The ownership by a bank holding company of stock possessions of at least 80 percent of the voting power of all classes of stock and at least 80 percent of each class of the nonvoting stock (other than nonvoting stock which is limited and preferred as to dividends) of the trust institution. (4) FIDUCIARY. Any trust institution or person acting in the capacity of executor, administrator, administrator with the will annexed, administrator de bonis non, guardian, testamentary trustee, trustee appointed by any court and trustee, agent or custodian under any written agreement, declaration or instrument of trust, either solely or together with others. (5) COMMON TRUST FUND. A fund established, maintained and administered pursuant to the requirements of this chapter by a trust institution exclusively for the collective investment and reinvestment of moneys contributed thereto by such trust institution in its capacity as a fiduciary or cofiduciary or by an affiliated trust institution in its capacity as a fiduciary or cofiduciary. (6) ESTATE OR ESTATES. Such term shall include any trust, estate or fund administered by a trust institution in a fiduciary capacity. (7) PARTICIPATION. The interest of a participating trust in the common trust fund. (8) PARTICIPANT. Any trust, estate or fund administered by a trust institution in a fiduciary capacity having a "participation." (9) SECURITY OR SECURITIES. Such term shall include all types of property in which the trust institution is authorized to invest the assets of the common trust fund. (Acts 1980, No. 80-658, §5-12-1.)
AL Code § 5-12A-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 12A - Administration, etc., of Common Trust Funds.|Section 5-12A-2 - Trust Institutions May Establish, etc., Common Trust Funds.

Section 5-12A-2Trust institutions may establish, etc., common trust funds. Any trust institution may establish, maintain and administer one or more common trust funds. (Acts 1980, No. 80-658, §5-12-2.)
AL Code § 5-12A-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 12A - Administration, etc., of Common Trust Funds.|Section 5-12A-3 - Investments by Trust Institutions.

Section 5-12A-3Investments by trust institutions. Any trust institution, in its capacity as fiduciary or cofiduciary, whether such fiduciary capacity arose before or was created after July 8, 1943, may invest funds which it lawfully holds for investment in such capacity in interests or participations in one or more common trust funds, if such investment is not prohibited by the instrument, judgment, decree or order creating the fiduciary relationship and if, in the case of cofiduciaries, the trust institution procures the consent of its cofiduciary or cofiduciaries to such investment. (Acts 1980, No. 80-658, §5-12-3.)
AL Code § 5-12A-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 12A - Administration, etc., of Common Trust Funds.|Section 5-12A-4 - Common Trust Fund Plan.

Section 5-12A-4Common trust fund plan. Each common trust fund shall be established and maintained in accordance with a written plan (referred to herein as the plan) approved by resolution of the board of directors of the trust institution and approved in writing by competent legal counsel. The plan shall provide that the common trust fund shall be administered under the laws of this state and of the United States and in conformity with the rules and regulations promulgated from time to time under authority of such laws and shall contain full and detailed provisions, not inconsistent with the provisions of this chapter, as to the manner in which the common trust fund is to be operated, the investment powers with respect to the common trust fund, the allocation and apportionment of income, profits and losses, the terms and conditions governing the admission or withdrawal of investments or participations in the common trust fund, the auditing and settlement of accounts of the trust institution with respect to the common trust fund, the basis and method of valuing securities in the common trust fund, the basis upon which the common trust fund may be terminated and such other matters as may be necessary to define clearly the rights of participants in the common trust fund. A copy of the plan shall be available at the principal office of the trust institution for inspection during all regular business hours to any person having an interest in a participation in the common trust fund. The plan may or may not provide for the amortization of the premium upon bonds or other obligations, the disposition of discounts and profits and the allocation of the same to principal or income accounts or the apportionment of the same between principal and income accounts, the establishment and maintenance of a reserve out of current interest from mortgage investments against which realized losses on mortgages may be charged and other like matters. The provisions of the plan shall control all participants therein and the rights and benefits of all persons interested in such participations as beneficiaries or otherwise. (Acts 1980, No. 80-658, §5-12-4.)
AL Code § 5-12A-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 12A - Administration, etc., of Common Trust Funds.|Section 5-12A-5 - Amendment of Plan.

Section 5-12A-5Amendment of plan. The plan may be amended from time to time by the fiduciary with the approval of the board of directors of the trust institution. Any such amendment shall be filed with the original plan, together with a certified copy of the resolution of the board of directors of the trust institution approving the same. (Acts 1980, No. 80-658, §5-12-5.)