reglab/housing_qa huggingface dataset:
AL Code § 5-5A-33 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-33 - Bank to Pay Checks Drawn on It at Par.

Section 5-5A-33Bank to pay checks drawn on it at par. Any bank shall pay all checks drawn on it and transmitted in a cash letter at par and shall make no charge for the payment of such checks the first time presented to it for payment. (Acts 1980, No. 80-658, §5-5-33.)
AL Code § 5-5A-35 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-35 - Agreements Between Principal and Sureties on Bond for Deposit of Money and Assets in Bank, Etc.

Section 5-5A-35Agreements between principal and sureties on bond for deposit of money and assets in bank, etc. It shall be lawful for any party of whom a bond, undertaking or other obligation is required to agree with his surety or sureties for the deposit of any or all money and assets for which he and his surety or sureties are or may be held responsible with a bank, or with other depository approved by the court or a judge thereof, if such deposit is otherwise proper, for the safekeeping thereof, and in such manner as to prevent the withdrawal of such money or assets or any part thereof, without the written consent of such surety or sureties, or an order of court or a judge thereof made on such notice to such surety or sureties as such court or judge may direct; provided, however, that such agreement shall not in any manner release from or change the liability of the principal or sureties as established by the terms of the bond. (Acts 1980, No. 80-658, §5-5-35.)
AL Code § 5-5A-36 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-36 - Notice Upon Maturity of Certificate of Deposit Issued for More Than 90 Days.

Section 5-5A-36Notice upon maturity of certificate of deposit issued for more than 90 days. In the case of certificates of deposit issued for more than 90 days which are automatically renewable, a bank shall send within a reasonable period, but in no event less than five days before the next maturity, a written notice to the last known address of record. (Acts 1980, No. 80-658, §5-5-36.)
AL Code § 5-5A-37 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-37 - Rights of Minors.

Section 5-5A-37Rights of minors. A minor may make, in her or his own name, a deposit in any bank, and such deposit may be general or special, and shall be paid only to such minor, or upon his or her order, and not to the parents or guardians of such minor, and such payment shall be valid as against the minor child, his or her parents or guardian. (Acts 1980, No. 80-658, §5-5-37.)
AL Code § 5-5A-38 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-38 - Disposition of Small Deposits of Deceased Person - to Whom Payable; When Bond Required.

Section 5-5A-38Disposition of small deposits of deceased person - To whom payable; when bond required. Whenever a person shall die leaving deposits in a bank not exceeding $5,000.00 in the aggregate, the bank may in its discretion discharge itself from liability thereafter by paying the deposits to the surviving spouse of the deceased or, if there is none, to the adult children and to the person having the actual custody and control of the minor child or children of the deceased; provided, that such person, if not the legal guardian, shall execute to the probate judge of the county where the principal office of the bank is located a bond in the penal sum of double the amount of the portion of such deposit he receives for the faithful accounting of the money so received, which shall be approved by said probate judge; or, if there is no surviving spouse or child or children, to the person or persons who, under the laws of Alabama, are the next of kin and inherit the personal property of the deceased. The bank shall be fully protected by requiring an affidavit by some reputable citizen as to the facts specified. (Acts 1980, No. 80-658, §5-5-38.)
AL Code § 5-5A-39 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-39 - Disposition of Small Deposits of Deceased Person - Time for Payment; When Payment Prohibited.

Section 5-5A-39Disposition of small deposits of deceased person - Time for payment; when payment prohibited. No payment shall be made pursuant to Section 5-5A-38 by the bank before the lapse of 60 days from the date of the death of the deceased, and no payment shall be made by the bank under this section if letters testamentary or of administration have been issued to a personal representative or a proceeding is pending in the court in this state which would have jurisdiction of the administration of the estate. The bank shall be fully protected by requiring an affidavit by some reputable citizen as to the facts specified. (Acts 1980, No. 80-658, §5-5-39.)
AL Code § 5-5A-40 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-40 - Disposition of Deposit in Trust for Another Upon Death of Trustee.

Section 5-5A-40Disposition of deposit in trust for another upon death of trustee. Whenever any deposit shall be made in any bank by any person in trust for another and no other or further notice of the existence and terms of a legal and valid trust shall have been given in writing to and received by the bank, in the event of the death of the trustee, such deposit or any part thereof, together with any interest thereon, may be paid to the person for whom said deposit was made, whether a minor or adult, and the receipt or acquittance of such person shall fully relieve and release said bank from all liability. (Acts 1980, No. 80-658, §5-5-40.)
AL Code § 5-5A-41 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-41 - Payment of Deposits Made in Names of Two Persons Upon Death of One; More Than Two Persons With Provision for Survivorship.

Section 5-5A-41Payment of deposits made in names of two persons upon death of one; more than two persons with provision for survivorship. (a) Any deposit heretofore or hereafter made in any bank in the names of two or more persons payable to any of such persons, upon the death of either of said persons, may be paid by the bank to the survivors jointly, irrespective of whether or not: (1) The form of the deposit or deposit contract contains any provision for survivorship; (2) The funds deposited were the property of only one said person; (3) There was at the time of making such deposit any intention on the part of the person making such deposit to vest the other with a present interest therein; (4) Only one of said persons during their joint lives had the right to withdraw such deposit; (5) There was any delivery of any bank book, account book, savings account book, certificate of deposit or other writing by the person making such deposit to the other of such persons; or (6) Any other circumstances. The bank in which such deposit is made may pay such deposit, or any part thereof or interest thereon, to either of said persons, or if one is dead, to the surviving of them, and such payment shall fully release and discharge the bank from all liability for any payment so made. (b) The provisions of this section shall apply to savings accounts, checking accounts and certificates of deposit and shall also apply to any deposit made in the names of more than two persons where there is an express written provision for survivorship in the deposit contract. (c) Nothing contained in this section shall be construed to prohibit the person making such deposit from withdrawing or collecting the same during his lifetime; nor shall anything contained in this section prohibit any person or persons making a deposit in the names of more than one person from providing for disposition of such deposit and interest thereon in a manner different from that provided above in this section, provided such different manner of disposition is expressly provided for in writing in the deposit contract. (Acts 1980, No. 80-658, §5-5-41.)
AL Code § 5-5A-42 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-42 - Adverse Claims to Deposits.

Section 5-5A-42Adverse claims to deposits. Notice to any bank of an adverse claim to a deposit standing on its books to the credit of any person shall not be effectual to cause said bank to recognize said adverse claimant unless said adverse claimant shall also either procure a restraining order, injunction or other appropriate process against said bank from a court of competent jurisdiction in a civil action therein instituted by such claimant wherein the person to whose credit the deposit stands is made a party and served with summons or shall execute to said bank in form and with sureties acceptable to it, a bond indemnifying said bank from any and all liability, loss, damage, costs and expenses for and on account of the payment or recognition of such adverse claim or the dishonor of or failure to pay the check or failure to comply with other order of the person to whose credit the deposit stands on the books of said bank; provided, that this section shall not apply in any instance where the person to whose credit the deposit stands is a fiduciary for such adverse claimant and the facts constituting such relationship, as well as the facts showing reasonable cause of belief on the part of the said claimant that the said fiduciary is about to misappropriate said deposit, are made to appear by the affidavit of such claimant. (Acts 1980, No. 80-658, §5-5-42.)
AL Code § 5-5A-43 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-43 - Disclosure of Customer Financial Records.

Section 5-5A-43Disclosure of customer financial records. A bank shall disclose financial records of its customers pursuant to a lawful subpoena, summons, warrant or court order issued by or at the request of any state agency, political subdivision, instrumentality, or officer or employee thereof and served upon the bank. No bank, director, officer, employee or agent thereof shall be held civilly or criminally responsible for disclosure of financial records pursuant to a subpoena, summons, warrant or court order which on its face appears to have been issued upon lawful authority. (Acts 1980, No. 80-658, §5-5-43.)
AL Code § 5-5A-45 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-45 - Initiation of Run on Banks, Etc.

Section 5-5A-45Initiation of run on banks, etc. Any person or persons whose business it is, either as individuals, agents or officers of banks, to receive checks, drafts and demands, when the same are not entitled to days of grace, upon any bank, and who receives the same, for collection and retains the same for an unreasonable time, without making known to the drawee bank that such collections and demands are held for collection, in order to accumulate a large amount for the purpose of starting what is commonly called a "run" on such bank, or for the purpose of embarrassing such drawee bank shall be guilty of a misdemeanor. (Acts 1980, No. 80-658, §5-5-45.)
AL Code § 5-5A-46 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-46 - False, etc., Statements, etc., Affecting Financial Standing of Bank.

Section 5-5A-46False, etc., statements, etc., affecting financial standing of bank. Any person who shall willfully and maliciously make, circulate or transmit to another or others any false, libelous or slanderous statement, rumor or suggestion written, printed or by word of mouth which is directly or by inference derogatory to the financial condition, or affects the solvency or financial standing of any bank, or who shall counsel, aid, procure or induce another to start, transmit or circulate any such statement or rumor shall be guilty of a misdemeanor. (Acts 1980, No. 80-658, §5-5-46.)
AL Code § 5-5A-47 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 5A - Organization and Operation of Banks.|Section 5-5A-47 - Liability of Directors or Officers; Enforcement Powers of Superintendent.

Section 5-5A-47Liability of directors or officers; enforcement powers of superintendent. If the directors or officers of any bank knowingly and willfully violate or knowingly and willfully permit any of the officers, agents, or employees of the bank to violate any of the provisions of this title, each and every director or officer engaging in such knowing and willful violation or knowing and willful permission shall be liable in his or her personal and individual capacity for all damages which the bank or any other person shall have sustained in consequence of such violation. The superintendent may use enforcement powers granted by Section 5-2A-12 to seek restitution for or on behalf of the bank for damages resulting from such violations. Further, the superintendent shall have standing to intervene in any court action arising out of or relating to such violation in order to protect the interests of the superintendent, the bank, or its shareholders. (Acts 1980, No. 80-658, §5-5-47; Act 2007-224, p. 284, §1.)
AL Code § 5-9A-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 9A - Reorganization of Banks.|Section 5-9A-1 - Cooperation of Superintendent in Reorganization of Bank.

Section 5-9A-1Cooperation of superintendent in reorganization of bank. Whenever the board of directors or a majority of the stockholders of any bank shall request the superintendent to cooperate in a reorganization of such bank, because of a substantial impairment of the capital of such bank, the superintendent is authorized to do the following: (1) To make or have made a careful appraisement of the assets of the bank; (2) If the appraisement shows the capital to be impaired, to charge the stock down to its actual value, if it has any, and if the appraisement shows the stock has no value, to charge off all capital, surplus and undivided profits and thereafter the rights and interests of such stockholders in any of the assets of the bank shall be subordinate to those of the creditors of the bank and the secured depositors to the extent of such security so held by such secured depositor; (3) If the capital, surplus and undivided profits are not sufficient to take care of all losses, to prorate the remainder of the losses among the various depositors or common creditors; (4) If found necessary, to set aside such portion of the assets of such bank to be either liquidated or delivered to creditors or depositors who may be disqualified under the law to participate in a reorganization, such portion to be the pro rata share of the assets which such disqualified creditors or depositors would be entitled to receive from the assets of the bank if the same were liquidated; (5) To prepare a plan for the reorganization of such bank, including provisions for obtaining sufficient funds for capital purposes by the issuance of stock, such stock if necessary to be of different classes; and (6) To submit such plan of reorganization, when prepared, to the board of directors of such bank which has made request for the cooperation of the superintendent for a reorganization. (Acts 1980, No. 80-658, §5-9-1.)
AL Code § 5-9A-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 9A - Reorganization of Banks.|Section 5-9A-2 - Submission of Reorganization Plan to Court for Confirmation and Approval.

Section 5-9A-2Submission of reorganization plan to court for confirmation and approval. After such plan for reorganization has been submitted to the board of directors of the bank so making such request for a reorganization, the directors of such bank by and with the consent of 75 percent in value of the stockholders and 75 percent in value of the common creditors are authorized and empowered to make a report of such plan to the circuit court of the county in which the principal business office of the bank is located, such report to be accompanied by a petition for its confirmation and approval. (Acts 1980, No. 80-658, §5-9-2.)
AL Code § 5-9A-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 9A - Reorganization of Banks.|Section 5-9A-3 - Publication of Reorganization Plan.

Section 5-9A-3Publication of reorganization plan. Upon the filing of such report and petition, the court shall order notice to be given to all parties in interest by publication in some newspaper published in the county where the principal business office of such bank is located once a week for two consecutive weeks, which notice shall set forth substantially the plan of such reorganization and require all parties in interest to appear at a specified time either to consent to or protest against the plan for such reorganization. (Acts 1980, No. 80-658, §5-9-3.)
AL Code § 5-9A-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 9A - Reorganization of Banks.|Section 5-9A-4 - Hearing Upon Plan; Entry of Judgment.

Section 5-9A-4Hearing upon plan; entry of judgment. At the time of the hearing of the petition, the court shall hear such legal evidence as may be submitted for and against such petition and plan for reorganization, and if the court is of the opinion it is for the best interest of all parties interested in such bank that the bank be reorganized in accordance with the plan set forth and submitted or in accordance with any modification of such plan determined upon by the court, such court shall so adjudge and enter a judgment fixing the rights of the parties in interest and adjudging that said plan or modification thereof be adopted and confirmed and that said bank be reorganized under and in conformity with such plan or modification thereof. (Acts 1980, No. 80-658, §5-9-4.)
AL Code § 5-9A-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 9A - Reorganization of Banks.|Section 5-9A-5 - Appeals.

Section 5-9A-5Appeals. If any stockholder, depositor or creditor shall not be satisfied with such judgment, he may file a notice of appeal to the Supreme Court of Alabama within 42 days from the day of entry of such judgment, provided he shall give security for cost of such appeal and indemnity in an amount to be fixed by the court, conditioned to pay such damages as the stockholders, depositors or creditors may sustain for a wrongful appeal or delay. Any such appeal shall be a preferred case in the Supreme Court and shall be set for hearing at the earliest possible date. If no such appeal is taken, the judgment of the circuit court shall be final, and said bank may lawfully be reorganized in accordance with the plan approved by the court. (Acts 1980, No. 80-658, §5-9-5.)
AL Code § 5-9A-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 9A - Reorganization of Banks.|Section 5-9A-6 - Manner of Reorganization Not Exclusive.

Section 5-9A-6Manner of reorganization not exclusive. The plan for reorganization of a bank or banks as provided in this chapter shall not be exclusive and shall not be construed to prohibit or prevent a reorganization of a bank as now permitted under existing laws. (Acts 1980, No. 80-658, §5-9-6.)
AL Code § 5-10A-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-1 - Authorization or Direction of Banks to Postpone Paying Liabilities, Segregate Deposits and Assets, Renew Loans, Etc.

Section 5-10A-1Authorization or direction of banks to postpone paying liabilities, segregate deposits and assets, renew loans, etc. 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 authorized and empowered, in addition to all other powers now conferred by law upon the superintendent or the Banking Board, or both, whenever in their judgment the circumstances warrant it, to authorize or direct any and all banks: (1) To postpone for any length of time the payment of any proportion of deposit or other liabilities, demand and savings account liabilities and certificate of deposit liabilities to any individual, firm, corporation or entity as said state officials may deem necessary and expedient, to be determined by them according to any facts and conditions which in their opinion, for emergency or other reasons, require such action in each particular instance; (2) To receive deposits to be classified by said state officials under rules and regulations as extended or modified under this chapter from time to time, each class of which shall be segregated from any other class, shall be subject only to such restrictions or limitations, if any, as may be imposed by said state officials and may be invested in such character of investments as may be authorized or approved from time to time by said state officials; (3) To segregate particular assets for or towards the liquidation and discharge of particular deposit or other liabilities, or any specified percentage thereof, of said bank without proceeding with a receivership liquidation, under such rules and regulations with respect thereto as said state officials may deem proper for the protection of interested parties and, in such cases, to continue the operation of the business; and (4) To make and renew loans from time to time in the ordinary course of banking business out of any assets available therefor. (Acts 1980, No. 80-658, §5-10-1.)
AL Code § 5-10A-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 10A - Banking Emergencies and Compliance With Federal Laws.|Section 5-10A-2 - Promulgation of Rules and Regulations; Requirements of Reports, etc., Generally.

Section 5-10A-2Promulgation of rules and regulations; requirements of reports, etc., generally. The superintendent with the concurrence of not less than two members of the Banking Board, or any three members of the Banking Board without action by said superintendent may authorize and empower any bank to act under the provisions of this chapter, and they are empowered to make and adopt such rules and regulations from time to time and to extend, modify, suspend or terminate any part thereof from time to time as they may deem proper for the protection of interested parties and to require such periodical and other reports in detail with respect to operation under such rules and regulations as they may see fit. (Acts 1980, No. 80-658, §5-10-2.)