Alabama § 5-7A-3 Certificate of Proceedings to Be Forwarded to Superintendent of Banks

Alabama Statutes

§ 5-7A-3 — Certificate of Proceedings to Be Forwarded to Superintendent of Banks

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

A certificate of all the proceedings, including a copy of the pertinent portion of the minutes of the meeting of the board of directors at which the resolution under Section 5-7A-2 was passed, the notice which was given to each stockholder and a copy of the minutes of the stockholders’ meeting, shall be made and certified to by the president and cashier of the institution under the seal thereof and acknowledged before a notary public as deeds are required to be acknowledged by a corporation and forwarded to the superintendent for his certificate of approval.

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A certificate of all the proceedings, including a copy of the pertinent portion of the minutes of the meeting of the board of directors at which the resolution under Section 5-7A-2 was passed, the notice which was given to each stockholder and a copy of the minutes of the stockholders’ meeting, shall be made and certified to by the president and cashier of the institution under the seal thereof and acknowledged before a notary public as deeds are required to be acknowledged by a corporation and forwarded to the superintendent for his certificate of approval.

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