Section 5-13B-130 – Purpose.
Section 5-13B-130 Purpose. This division is intended generally to ensure that interstate state branches of out-of-state foreign banks may be established and operated in this state (1) to the extent consistent with the provisions of Section 5 of the Federal International Banking Act and (2) under terms and conditions that are generally comparable to and […]
Section 5-13B-131 – Establishment of Interstate Branches in This State by Out-of-State Foreign Banks.
Section 5-13B-131 Establishment of interstate branches in this state by out-of-state foreign banks. (a) Except as provided in subsection (b), an out-of-state foreign bank may establish an interstate Alabama state branch in the same manner, including by merger or other transactions under Section 44 of the Federal Deposit Insurance Act, and comparable provisions of the […]
Section 5-13B-112 – Voluntary Closure of Branch, Agency, or Representative Office – Application.
Section 5-13B-112 Voluntary closure of branch, agency, or representative office – Application. (a) No foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall close such office without filing an application with, and obtaining the prior approval of, the superintendent. An application by a […]
Section 5-13B-113 – Suspension or Revocation of License; Factors.
Section 5-13B-113 Suspension or revocation of license; factors. If, after notice and a hearing, the superintendent finds any of the following with respect to a foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency, he or she may issue an order suspending or revoking the license of […]
Section 5-13B-114 – Immediate Suspension or Revocation.
Section 5-13B-114 Immediate suspension or revocation. If the superintendent finds that any of the factors set forth in Section 5-13B-113 are true with respect to any foreign bank which is licensed to maintain an Alabama state branch or Alabama state agency and that it is necessary for the protection of the interests of creditors of […]
Section 5-13B-115 – Seizure of Foreign Bank’s Property and Business; Liquidation.
Section 5-13B-115 Seizure of foreign bank’s property and business; liquidation. (a) If the superintendent finds that any of the factors set forth in Section 5-13B-113 are true with respect to any foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency and that it is necessary for the […]
Section 5-13B-24 – Notice and Filing Requirements.
Section 5-13B-24 Notice and filing requirements. Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving an Alabama state bank shall notify the superintendent of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank […]
Section 5-13B-84 – Application Fee.
Section 5-13B-84 Application fee. Upon applying to the superintendent under this article for a license to establish and maintain an Alabama state branch or Alabama state agency, a foreign bank shall pay to the superintendent an application fee in such amount and in such manner as the superintendent shall require by regulation. (Acts 1995, No. […]
Section 5-13B-100 – Change of Control of Foreign Bank.
Section 5-13B-100 Change of control of foreign bank. A foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall file with the superintendent a notice, in such form and containing such information as the superintendent may prescribe, no later than 14 calendar days after […]
Section 5-13B-1 – Short Title.
Section 5-13B-1 Short title. This chapter shall be known and may be cited as the “Alabama Interstate and International Banking Act of 1995.” (Acts 1995, No. 95-115, p. 134, §1.)