GroundRules
Ala. Code § 5-11A-2: Written Approval of Superintendent to Conduct Trust Business.
Where this section sits in the code
- Title 5 Banks and Financial Institutions.
- Chapter 11A Regulation of Trust Business of Banks and Trust Companies.
- Article 1 General Provisions.
No bank shall have the right to operate or conduct a trust department or become a trustee or a fiduciary without having received the prior written approval of the superintendent and otherwise complied with Section 5-11A-1, even though the certificate of incorporation of the bank might contain language covering such authority.
Collected 2026-09-03T14:01:52Z. Source file · JSON