Alabama § 45-52-40 - Branch Banking.
Full text of Alabama Code of Alabama § 45-52-40 — Branch Banking., with citation guidance and answers to common questions.
§ 45-52-40. Branch Banking.
(a) In Morgan County, any bank, whether incorporated or unincorporated, within this state, now or hereafter situated within the county shall have the power to establish, maintain, and operate within the corporate limits of Priceville, Alabama, one or more branches or branch banks, branch offices, branch agencies, additional offices, or branch places of business for the receipt of deposits, payment of checks, lending of money, and the conduct of a general banking and trust business, provided that such bank, before the establishment of any such branch or branches, shall first secure the written consent thereto of the state Superintendent of Banks, the Federal Depository Insurance Corporation, or the Comptroller of the United States Currency.
(b) In Morgan County, any bank, whether incorporated or unincorporated, within this state authorized to engage in the banking business and having an office or place of business within the county shall have the power to establish, maintain, and operate within the corporate limits of Flint, Alabama, one or more branches or branch banks, branch offices, branch agencies, additional offices, or branch places of business for the receipt of deposits, payment of checks, lending of money, and the conduct of a general banking and trust business, provided that such bank, before the establishment of any such branch or branches, shall first secure the written consent thereto of the state Superintendent of Banks, the Federal Depository Insurance Corporation, or the Comptroller of the United States Currency.
Frequently Asked Questions About Alabama § 45-52-40
What does Code of Alabama § 45-52-40 cover?
Section 45-52-40 ("Branch Banking.") 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 § 45-52-40?
A common citation format is "Code of Alabama § 45-52-40" (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 § 45-52-40 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.