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 § 5-7A-3

Title 5Banks and Financial Institutions

Ch. 7ABank Merger, Consolidation, or Conversion

Art. 1Consolidation, Merger or Transfer of State Banks

This text of Alabama § 5-7A-3 (Certificate of Proceedings to Be Forwarded to Superintendent of Banks) 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 § 5-7A-3 (2026).

Text

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.