Alabama § 5-2A-1 Creation of Department; Duties Generally

Alabama Statutes

§ 5-2A-1 — Creation of Department; Duties Generally

Alabama § 5-2A-1

Title 5Banks and Financial Institutions

Ch. 2AState Banking Department

Art. 1General Provisions

This text of Alabama § 5-2A-1 (Creation of Department; Duties Generally) 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 § 5-2A-1 (2026).

Text

There shall be a State Banking Department which shall administer the laws of this state which regulate or otherwise relate to corporations doing or carrying on a banking business in the state, all laws relating to savings and loan associations doing business in this state and all laws relating to persons, firms or corporations engaging in the loan business in this state. The authority of the State Banking Department to perform such functions shall be exclusive.

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There shall be a State Banking Department which shall administer the laws of this state which regulate or otherwise relate to corporations doing or carrying on a banking business in the state, all laws relating to savings and loan associations doing business in this state and all laws relating to persons, firms or corporations engaging in the loan business in this state. The authority of the State Banking Department to perform such functions shall be exclusive.