There Is a Newer Version
of
the Code of Alabama
2009 Alabama Code
Title 5 — BANKS AND FINANCIAL INSTITUTIONS.
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 Establishment of interstate branches by acquisition or merger; branching.
- Section 5-13B-23 Interstate merger transactions and branching; operation of branches.
- 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.
- Division 1 General.
- Section 5-13B-40 Purpose.
- Section 5-13B-41 Definitions.
- Section 5-13B-42 General regulation authority.
- Division 2 Domestic Banks Owned or Controlled by Foreign Banks and Other Foreign Persons.
- 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.
- Division 3 Direct Branch, Agency, and Representative Offices of Foreign 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.
- Division 4 Alabama Branches of Out-of-State Foreign Banks.
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