Alabama § 5-3A-35 - Powers of Superintendent.
Full text of Alabama Code of Alabama § 5-3A-35 — Powers of Superintendent., with citation guidance and answers to common questions.
§ 5-3A-35. Powers of Superintendent.
(a) The superintendent may enter into agreements, which shall be deemed sole source, one vendor, and one supplier contracts under the procurement laws of this state and shall be exempt from competitive and other bid requirements, with any bank supervisory agency that has concurrent jurisdiction over a service provider to do either of the following:
(1) Engage the services of the examiners of any bank supervisory agency at a reasonable rate of compensation.
(2) Provide the services of the examiners of the State Banking Department to any bank supervisory agency at a reasonable rate of compensation.
(b) The superintendent may enter into corrective agreements with a service provider or may issue corrective orders to a service provider if the superintendent determines the actions are necessary to ensure the safe and sound operation of a serviced bank or serviced banks or to respond to a danger, or potential danger, to the public welfare.
(c) The superintendent may enter into joint examinations or joint enforcement actions with other bank supervisory agencies having concurrent jurisdiction over a service provider.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-3A-35
What does Code of Alabama § 5-3A-35 cover?
Section 5-3A-35 ("Powers of Superintendent.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-3A-35?
A common citation format is "Code of Alabama § 5-3A-35" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-3A-35 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.