Alabama § 5-17-40 - Alabama Credit Union Administration Created; Functions; Transfer of Authority Previously Vested in State Banking Department.
Full text of Alabama Code of Alabama § 5-17-40 — Alabama Credit Union Administration Created; Functions; Transfer of Authority Previously Vested in State Banking Department., with citation guidance and answers to common questions.
§ 5-17-40. Alabama Credit Union Administration Created; Functions; Transfer of Authority Previously Vested in State Banking Department.
THIS SECTION WAS AMENDED BY ACT 2018-470 IN THE 2018 REGULAR SESSION, EFFECTIVE JUNE 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
(a) There shall be an Alabama Credit Union Administration which shall administer the laws of this state which regulate or otherwise relate to credit unions in the state. The authority of the Alabama Credit Union Administration to perform such functions shall be exclusive and all authority regarding credit unions which was previously vested in the State Banking Department is hereby vested in the Alabama Credit Union Administration.
(b) If any of the provisions of this chapter are inconsistent with any other general or special law, this chapter shall control.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-17-40
What does Code of Alabama § 5-17-40 cover?
Section 5-17-40 ("Alabama Credit Union Administration Created; Functions; Transfer of Authority Previously Vested in State Banking Department.") 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 § 5-17-40?
A common citation format is "Code of Alabama § 5-17-40" (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 § 5-17-40 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.