Conversion of National Bank, Etc., into State Bank - Procedure.
Ala. Code § 5-7A-20
in effect5-7A-20. Conversion of National Bank, Etc., into State Bank - Procedure.
Any bank organized under the laws of the United States may, by the vote of the stockholders owning not less than a majority of the capital stock of such bank with the approval of the superintendent and upon the payment by it to the superintendent of a fee prescribed by the Banking Board under Section 5-5A-13, be converted into a state bank with any name approved by the superintendent.
(Acts 1980, No. 80-658, §5-7-20.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#5-7A-20Fetched: 10/20/2026