{"data":{"id":"us-al/ala.-code-5-11a-36","jurisdiction":"us-al","citation":"Ala. Code § 5-11A-36","heading":"“Related” Defined.","body":"A transferor bank, trust company or trust department is “related” to a transferee bank, trust company or trust department if:\n(1) Such transferee controls the transferor;\n(2) Such transferor controls the transferee;\n(3) The same entity controls, directly or indirectly, the transferor and the transferee;\n(4) A majority of the directors of the transferor are directors of the transferee; or\n(5) A majority of the directors of the transferee are directors of the transferor.\n“Control” and “controls” as used herein shall mean the ownership of a majority of the voting shares of another bank, trust company or of the bank operating such trust department.","path":["Title 5 Banks and Financial Institutions.","Chapter 11A Regulation of Trust Business of Banks and Trust Companies.","Article 2 Transfer of Fiduciary Accounts."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=5-11A-36","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"9b62b97d3084b8bf8e24d4c72e996df490474525f9cf722dfcaf9fb4472292cd","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-5-11a-35","next":"us-al/ala.-code-5-11a-37"},"notice":"GroundRules: Original legal text. Not legal advice."}