Alabama § 5-17-41 - Administrator - Appointment; Vacancy; Eligibility.
Full text of Alabama Code of Alabama § 5-17-41 — Administrator - Appointment; Vacancy; Eligibility., with citation guidance and answers to common questions.
§ 5-17-41. Administrator - Appointment; Vacancy; Eligibility.
(a) The Alabama Credit Union Administration shall be in the charge of the administrator who shall be the chief executive officer of the administration.
(b) The administrator shall be a person of good character.
(c) The administrator shall be appointed by the Governor by and with the consent of the Senate. The term of office of the administrator shall expire on the first day of February after the expiration of the term of office of the Governor making the appointment, but the administrator may continue to serve until a successor is appointed and has qualified. If for any reason there should be a vacancy in the office while the Senate is not in session, the Governor shall appoint an administrator and such administrator shall hold office and exercise the powers conferred by law until the Senate meets and passes on the appointment, and if the appointment is disapproved by the Senate another appointment shall be made by the Governor in like manner until an appointment is confirmed by the Senate.
(d) To be eligible for appointment as administrator, a person must have had at least five years’ experience in the 10 years next preceding the appointment either as an officer or director of a federal or state credit union or an examiner or other officer in a federal or state credit union supervisory agency or credit union association, or other equivalent experience for at least five years in the 10 years next preceding the appointment.
(e) The Governor shall set the salary of the administrator within a salary range established by the Credit Union Board of the Alabama Credit Union Administration. The salary range shall not exceed the salary range set by the Banking Board for the Superintendent of the State Banking Department.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-17-41
What does Code of Alabama § 5-17-41 cover?
Section 5-17-41 ("Administrator - Appointment; Vacancy; Eligibility.") 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 § 5-17-41?
A common citation format is "Code of Alabama § 5-17-41" (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 § 5-17-41 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.