Alabama § 5-2A-41 - Meetings of Board - Notice; Executive Session; Confidentiality.
Full text of Alabama Code of Alabama § 5-2A-41 — Meetings of Board - Notice; Executive Session; Confidentiality., with citation guidance and answers to common questions.
§ 5-2A-41. Meetings of Board - Notice; Executive Session; Confidentiality.
(a) A meeting of the Banking Board may be held on call of the superintendent or any three members of the Banking Board. The superintendent shall give to each member of the Banking Board at least three days’ notice of the time and place of any meeting of the Banking Board unless such notice is waived by all the members of the Banking Board.
(b) At any meeting, the Banking Board may go into executive session in order to do any of the following:
(1) Protect the confidentiality of reports or information under Sections 5-3A-3, 5-3A-11, and 5-13B-105 and other provisions of this title.
(2) Review information concerning the condition and affairs of any proposed bank or trust company, any bank or trust company, any subsidiary or affiliate of a bank or trust company, or several banks or trust companies or their subsidiaries, or to review personal or financial information of individuals.
(3) Accomplish any other purpose of the Banking Board that requires it to receive or consider information that is confidential under this title.
(c) Confidential information under this title includes all information set forth in subdivisions (1) and (2) of subsection (b) as well as other information designated as confidential in this title and other information as determined by the superintendent.
(d) The Banking Board shall not go into executive session except upon a majority vote of a quorum, duly recorded in the minutes.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-2A-41
What does Code of Alabama § 5-2A-41 cover?
Section 5-2A-41 ("Meetings of Board - Notice; Executive Session; Confidentiality.") 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-41?
A common citation format is "Code of Alabama § 5-2A-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 § 5-2A-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.