Alabama Statutes
§ 5-10A-5 — Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action
Alabama § 5-10A-5
JurisdictionAlabama
Title 5Banks and Financial Institutions
Ch. 10ABanking Emergencies and Compliance with Federal Laws
This text of Alabama § 5-10A-5 (Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 5-10A-5 (2026).
Text
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.
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Legislative History
(Acts 1980, No. 80-658, §5-10-5.)
Nearby Sections
15
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Bluebook (online)
Alabama § 5-10A-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/5-10A-5.