§ 5-7A-1 — Banks May Merge or Consolidate; Transfer of Place of Business

Alabama § 5-7A-1

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 7A: Bank Merger, Consolidation, or Conversion
• Art. 1: Consolidation, Merger or Transfer of State Banks

Text

Any bank may consolidate or merge with or transfer its assets and liabilities to another bank and any bank may move its office or place of business from one city or town to another city or town within the state.

Legislative History

(Acts 1980, No. 80-658, §5-7-1.)