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2006 Alabama Code - Chapter 13B — INTERSTATE AND INTERNATIONAL BANK ACQUISITIONS, MERGERS AND BRANCHING.
Article 1 Acquisitions of Banks by Bank Holding Companies.
- Section 5-13B-1 — Short title.
- Section 5-13B-2 — Definitions.
- Section 5-13B-3 — Scope of article and statement of legislative intent.
- Section 5-13B-4 — Permitted acquisitions.
- Section 5-13B-5 — Required application.
- Section 5-13B-6 — Standards for approval.
- Section 5-13B-7 — Procedures relating to applications.
- Section 5-13B-8 — Reports; examinations.
- Section 5-13B-9 — Agency activities.
- Section 5-13B-10 — Penalties.
- Section 5-13B-11 — Authority to issue regulations; cooperative agreements; fees.
Article 2 Interstate Bank Mergers and Branching.
- Section 5-13B-20 — Purpose.
- Section 5-13B-21 — Definitions.
- Section 5-13B-22 — Authority of state banks to establish interstate branches by merger; branching.
- Section 5-13B-23 — Interstate merger transactions and branching permitted.
- Section 5-13B-24 — Notice and filing requirements.
- Section 5-13B-25 — Powers.
- Section 5-13B-26 — Examinations; periodic reports; cooperative agreements; assessment of fees.
- Section 5-13B-27 — Enforcement.
- Section 5-13B-28 — Regulations.
- Section 5-13B-29 — Notice of subsequent merger, etc.
Article 3 Regulation of Foreign Banks.
- Section 5-13B-40 — Purpose.
- Section 5-13B-41 — Definitions.
- Section 5-13B-42 — General regulation authority.
- Section 5-13B-60 — Purpose.
- Section 5-13B-61 — Operations in this state of banks owned or controlled by foreign banks and other foreign persons.
- Section 5-13B-62 — Citizenship and residency requirements for directors of state banks.
- Section 5-13B-80 — Purpose.
- Section 5-13B-81 — Branches and agencies of foreign banks - Necessity of licensure.
- Section 5-13B-82 — Application to establish and maintain a branch or agency - Contents.
- Section 5-13B-83 — Application to establish and maintain a branch or agency - Manner of filing and determination.
- Section 5-13B-84 — Application fee.
- Section 5-13B-85 — No concurrent maintenance of federal branches or agencies.
- Section 5-13B-86 — Powers of branch and agency.
- Section 5-13B-87 — Fiduciary activities.
- Section 5-13B-88 — Authority to act as agent.
- Section 5-13B-89 — Representative office of foreign banks - Necessity of licensure.
- Section 5-13B-90 — Representative office - Application.
- Section 5-13B-91 — Representative office - Factors for approval of application.
- Section 5-13B-92 — Representative office - Permissible activities.
- Section 5-13B-93 — Representative office - Revocation of license.
- Section 5-13B-94 — Posting of license.
- Section 5-13B-95 — Licenses not transferable.
- Section 5-13B-96 — Appointment of superintendent as agent for service of process.
- Section 5-13B-97 — Service of process.
- Section 5-13B-98 — Filing of amendments to articles of incorporation.
- Section 5-13B-99 — Amended license to establish and maintain a branch or agency.
- Section 5-13B-100 — Change of control of foreign bank.
- Section 5-13B-101 — Relocation of office; written notice necessary.
- Section 5-13B-102 — Examination; payment of fees.
- Section 5-13B-103 — Supervision and enforcement.
- Section 5-13B-104 — Reports.
- Section 5-13B-105 — Confidentiality of examination reports.
- Section 5-13B-106 — Books, accounts, and records.
- Section 5-13B-107 — Separate assets.
- Section 5-13B-108 — Disclosure of lack of deposit insurance.
- Section 5-13B-109 — Limitations on payment of interest on deposits.
- Section 5-13B-110 — Pledge of assets.
- Section 5-13B-111 — Asset maintenance.
- Section 5-13B-112 — Voluntary closure of branch, agency, or representative office - Application.
- Section 5-13B-113 — Suspension or revocation of license; factors.
- Section 5-13B-114 — Immediate suspension or revocation.
- Section 5-13B-115 — Seizure of foreign bank's property and business; liquidation.
- Section 5-13B-130 — Purpose.
- Section 5-13B-131 — Establishment of interstate branches in this state by out-of-state foreign banks.
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