Alabama § 5-2A-1 - Creation of Department; Duties Generally.

Full text of Alabama Code of Alabama § 5-2A-1 — Creation of Department; Duties Generally., with citation guidance and answers to common questions.

§ 5-2A-1. Creation of Department; Duties Generally.

There shall be a State Banking Department which shall administer the laws of this state which regulate or otherwise relate to corporations doing or carrying on a banking business in the state, all laws relating to savings and loan associations doing business in this state and all laws relating to persons, firms or corporations engaging in the loan business in this state. The authority of the State Banking Department to perform such functions shall be exclusive.

Source: official Alabama text · Last verified 2026-08-27

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Frequently Asked Questions About Alabama § 5-2A-1

What does Code of Alabama § 5-2A-1 cover?

Section 5-2A-1 ("Creation of Department; Duties Generally.") 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 § 5-2A-1?

A common citation format is "Code of Alabama § 5-2A-1" (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 § 5-2A-1 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.