Alabama § 5-7A-5 - Examinations; Written Consent of Superintendent to Consolidation.
Full text of Alabama Code of Alabama § 5-7A-5 — Examinations; Written Consent of Superintendent to Consolidation., with citation guidance and answers to common questions.
§ 5-7A-5. Examinations; Written Consent of Superintendent to Consolidation.
Before approving proceedings to consolidate one such institution with another, the superintendent shall cause to be made an examination of each such institution to determine whether the interests of the depositors, creditors and stockholders of each are protected and that such consolidation is made for legitimate purposes, and his consent or rejection of such consolidation or transfer shall be based upon such examination and investigation. The expense of such examination shall be paid by such institution. No such consolidation shall be made without the written consent of the superintendent.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-7A-5
What does Code of Alabama § 5-7A-5 cover?
Section 5-7A-5 ("Examinations; Written Consent of Superintendent to Consolidation.") 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 § 5-7A-5?
A common citation format is "Code of Alabama § 5-7A-5" (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 § 5-7A-5 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.