Alabama Statutes
§ 5-11A-2 — Written Approval of Superintendent to Conduct Trust Business
Alabama·Title 5 Banks and Financial Institutions·Ch. 11A Regulation of Trust Business of Banks and Trust Companies·Art. 1 General Provisions
No bank shall have the right to operate or conduct a trust department or become a trustee or a fiduciary without having received the prior written approval of the superintendent and otherwise complied with Section 5-11A-1, even though the certificate of incorporation of the bank might contain language covering such authority.
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Legislative History
(Acts 1980, No. 80-658, §5-11-2.)