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Alabama · Through Act 2026-611

Ala. Code § 5-5A-2: Procedure for Incorporation - Notice of Intention to Incorporate.

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Where this section sits in the code
  1. Title 5 Banks and Financial Institutions.
  2. Chapter 5A Organization and Operation of Banks.

Before a bank can become incorporated under the laws of Alabama, a notice of intention to organize such bank shall be published once a week for three successive weeks in the newspaper designated by the superintendent. Such notice shall specify the names of the proposed incorporators, the name of the proposed corporation, the place where it proposes to do business and the amount of capital paid in with which it will commence business, provided however, where the superintendent determines an emergency exists which might cause or has caused closing or liquidating an existing bank, the superintendent may waive such advance publication requirement in order to permit formation of a new bank, and such publication shall occur after the new bank commences business.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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