Alabama Statutes
§ 5-10A-5 — Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action
Alabama·Title 5 Banks and Financial Institutions·Ch. 10A Banking Emergencies and Compliance with Federal Laws
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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Alabama § 5-10A-5 (Sections 5-10A-1 through 5-10A-4 Applicable Only in Emergencies; Duration of Emergency Action) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1980, No. 80-658, §5-10-5.)