SB426 Alabama 2011 Session

Summary

Primary Sponsor

Mark Slade Blackwell

Republican

Session

Regular Session 2011

Title

Banking Department, bank holding companies regulated, confidential reports, incorporation of a bank, notification requirements when change of voting shares through inheritance, Secs. 5-2A-12, 5-3A-1, 5-3A-3, 5-3A-4, 5-3A-6, 5-3A-11, 5-5A-1, 5-5A-22, 5-5A-44, 5-13B-11 am'd.

Description

Under existing law, the Superintendent of Banks and the State Banking Department regulate the banking industry in Alabama.

This bill would provide for the regulation of bank holding companies.

This bill would require that reports of examination meetings of bank boards concerning bank holding companies would be confidential.

This bill would provide further for the incorporation of a bank.

This bill would require certain notification when a change of control of voting shares of a bank occurs through inheritance.

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Subjects

Banking Department