Alabama Code 5-5A-17. Amendment of certificate of incorporation; approval of amended certificate of incorporation
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Terms Used In Alabama Code 5-5A-17
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- writing: includes typewriting and printing on paper. See Alabama Code 1-1-1
A bank may amend its certificate of incorporation in the manner provided by the laws governing business corporations. No proposed amendment of a certificate of incorporation of a bank is valid unless approved in writing by the superintendent and may not be recorded unless such written approval accompanies the proposed amendment.