Alabama § 5-7A-4 Issuance of Certificate of Approval by Superintendent

Alabama Statutes

§ 5-7A-4 — Issuance of Certificate of Approval by Superintendent

Alabama § 5-7A-4

Title 5Banks and Financial Institutions

Ch. 7ABank Merger, Consolidation, or Conversion

Art. 1Consolidation, Merger or Transfer of State Banks

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Bluebook

Ala. Code § 5-7A-4 (2026).

Text

If the superintendent approves the entire proceedings, he shall issue his certificate of approval in writing, in duplicate, one copy being filed in his office and the other forwarded, along with the certificate, to the official or officials where articles of merger or consolidation would be filed under the business corporation laws of this state, for record at the expense of the institution affected.

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If the superintendent approves the entire proceedings, he shall issue his certificate of approval in writing, in duplicate, one copy being filed in his office and the other forwarded, along with the certificate, to the official or officials where articles of merger or consolidation would be filed under the business corporation laws of this state, for record at the expense of the institution affected.