Alabama § 23-7-4 - Board of Directors.
Full text of Alabama Code of Alabama § 23-7-4 — Board of Directors., with citation guidance and answers to common questions.
§ 23-7-4. Board of Directors.
(a) The board of directors is the governing board of the bank. The board shall consist of seven voting members as follows:
(1) The Director of the Department of Transportation, ex officio, who shall be designated as chair.
(2) The State Finance Director, ex officio, who shall be designated as secretary.
(3) Three members appointed by the Governor.
(4) One member of the House of Representatives appointed by the Speaker of the House of Representatives.
(5) One member of the Senate appointed by the President Pro Tempore of the Senate.
(b) Members appointed by the Governor hold office concurrently with the Governor and until their successors are appointed and qualified. Members appointed by the Speaker of the House of Representatives and the President Pro Tempore of the Senate shall serve during the member’s term of office during which the member was appointed and until the member’s successor is appointed and qualified. The vice chair shall be elected by the board. Any person appointed to fill a vacancy shall be appointed in the same manner as the original appointee for the remainder of the unexpired term.
(c) Any four members of the board of directors shall constitute a quorum for the transaction of business.
(d) All appointing authorities shall coordinate their appointments so that the diversity of gender, race, and geographical areas is reflective of the makeup of this state.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 23-7-4
What does Code of Alabama § 23-7-4 cover?
Section 23-7-4 ("Board of Directors.") 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 § 23-7-4?
A common citation format is "Code of Alabama § 23-7-4" (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 § 23-7-4 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.