Alabama § 5-2A-40 - Composition of Banking Board; Chairman; Appointment and Terms of Office of Members.
Full text of Alabama Code of Alabama § 5-2A-40 — Composition of Banking Board; Chairman; Appointment and Terms of Office of Members., with citation guidance and answers to common questions.
§ 5-2A-40. Composition of Banking Board; Chairman; Appointment and Terms of Office of Members.
There shall be a Banking Board, which shall consist of the superintendent, who shall be ex officio a member and chairman of the board, and six persons who shall be appointed by the Governor, by and with the consent of the Senate. At the time of appointment members shall reside in different congressional districts. Members of the Banking Board shall be appointed for terms of six years each so that the terms of two of the six appointed members will expire on February 1 of each odd-numbered year. Upon the expiration of their terms of office, members of the board shall continue to serve until their successors are appointed and have qualified.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-2A-40
What does Code of Alabama § 5-2A-40 cover?
Section 5-2A-40 ("Composition of Banking Board; Chairman; Appointment and Terms of Office of Members.") 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-40?
A common citation format is "Code of Alabama § 5-2A-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 § 5-2A-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.