Section 5-17-40 - Alabama Credit Union Administration created; functions; transfer of authority previously vested in State Banking Department(a) There shall be an Alabama Credit Union Administration which shall administer the laws of this state which regulate or otherwise relate to credit unions in the state. The authority of the Alabama Credit Union Administration to perform such functions shall be exclusive and all authority regarding credit unions which was previously vested in the State Banking Department is hereby vested in the Alabama Credit Union Administration.(b) If any of the provisions of this chapter are inconsistent with any other general or special law, this chapter shall control.Ala. Code § 5-17-40 (1975)
Amended by Act 2018-470,§ 1, eff. 6/1/2018.Acts 1985, No. 85-457, p. 425, §17.