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  • Article 1 General Provisions.
  • Article 2 Alabama Credit Union Administration.
    • Section 5-17-40 Alabama Credit Union Administration created; functions; transfer of authority previously vested in State Banking Department.
    • Section 5-17-41 Administrator — Appointment; vacancy; eligibility.
    • Section 5-17-42 Administrator — Oath; bond.
    • Section 5-17-43 Official seal; use of sealed papers as evidence; recording.
    • Section 5-17-44 Removal from office of administrator or board member.
    • Section 5-17-45 Legislative findings; authority to expand powers of credit unions; out-of-state credit unions doing business in state; federally chartered credit unions.
    • Section 5-17-46 Policies, regulations, and interpretations; review for ratification; procedure for adopting, amending or repealing.
    • Section 5-17-47 Procedure for adopting, amending, or repealing regulations and interpretations; contesting regulation for failure to comply with procedure; action to determine validity or applicability.
    • Section 5-17-48 Annual report; public distribution of report and other material.
    • Section 5-17-49 Violations to be submitted to grand jury.
    • Section 5-17-50 Assistants, employees, attorneys, and special counsel.
    • Section 5-17-51 Immunity from personal liability.
    • Section 5-17-52 Oath and duties of examiner.
    • Section 5-17-53 Furnishing of commission to examiner; exhibit to credit union upon making examination.
    • Section 5-17-54 Bond of examiners and office assistants.
    • Section 5-17-55 Credit Union Board created; membership; terms of office; vacancies; appeals to board from actions of administrator.
    • Section 5-17-56 Notice of board meetings; how often held; location.
    • Section 5-17-57 Quorum.
    • Section 5-17-58 Compensation and expenses of board members.
    • Section 5-17-59 Applicability of Alabama Business Corporation Act.



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