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2019 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 3A - Examinations of Banks; Reports of Banks.
Article 2 - Examination of Bank Services Providers Act.
Section 5-3A-32 - Definitions.
Universal Citation: AL Code § 5-3A-32 (2019)
Section 5-3A-32THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION, EFFECTIVE APRIL 4, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
For the purposes of this article, the following terms shall have the following meanings:
(1) SERVICE PROVIDER. Any person, company, corporation, or other legal entity that provides a covered service listed in Section 5-3A-33 to a serviced bank.
(2) SERVICED BANK. Every bank, bank holding company, bank service company, or any subsidiary or affiliate of a bank that is subject to the supervision of the superintendent pursuant to Section 5-3A-1, and for which covered services are performed by a service provider.
(Act 2018-500, §2.)
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