Alabama Statutes
§ 5-7A-60 — Purpose
Alabama·Title 5 Banks and Financial Institutions·Ch. 7A Bank Merger, Consolidation, or Conversion·Art. 4 Conversion of Savings Institutions into State Banks
It is the purpose of this article to permit state and federally chartered savings and loan associations and savings banks to convert to state chartered banks with the approval of the Superintendent of Banks for the State of Alabama in accordance with the provisions of this article.
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Legislative History
(Acts 1990, No. 90-289, p. 387, §1.)