Section 5-13B-95 – Licenses Not Transferable.
Section 5-13B-95 Licenses not transferable. No license issued by the superintendent in accordance with this article shall be transferable or assignable. (Acts 1995, No. 95-115, p. 134, §43.)
Section 5-13B-111 – Asset Maintenance.
Section 5-13B-111 Asset maintenance. (a) Each foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall hold in this state currency, bonds, notes, debentures, drafts, bills of exchange, or other evidences of indebtedness, including loan participation agreements or certificates, or other obligations payable in the United States […]
Section 5-13B-80 – Purpose.
Section 5-13B-80 Purpose. Consistent with the federal International Banking Act, the Bank Holding Company Act, the Federal Deposit Insurance Act, and the Interstate Banking and Branching Efficiency Act, this division is intended: (1) To authorize banking activities and operations, under state licenses issued by the superintendent, of direct branch and agency offices in this state […]
Section 5-13B-96 – Appointment of Superintendent as Agent for Service of Process.
Section 5-13B-96 Appointment of superintendent as agent for service of process. (a) 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 an instrument irrevocably appointing the superintendent and his or her successors in office to be such foreign […]
Section 5-13B-81 – Branches and Agencies of Foreign Banks – Necessity of Licensure.
Section 5-13B-81 Branches and agencies of foreign banks – Necessity of licensure. (a) No foreign bank shall transact business in this state except at an Alabama state branch or Alabama state agency which it is licensed to establish and maintain pursuant to, and at which it conducts such activities as are permitted by, this article. […]
Section 5-13B-97 – Service of Process.
Section 5-13B-97 Service of process. (a) Service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank’s activities in this state shall be made on the superintendent by delivering to and leaving with him or her, or with any […]
Section 5-13B-82 – Application to Establish and Maintain a Branch or Agency – Contents.
Section 5-13B-82 Application to establish and maintain a branch or agency – Contents. (a) A foreign bank, in order to procure a license under this article to establish and maintain an Alabama state branch or Alabama state agency shall submit an application to the superintendent. Such application shall contain: (1) The same information as required […]
Section 5-13B-98 – Filing of Amendments to Articles of Incorporation.
Section 5-13B-98 Filing of amendments to articles of incorporation. A foreign bank which is licensed to maintain an Alabama state branch or Alabama state agency, whenever its articles of incorporation are amended, shall forthwith file in the office of the superintendent a copy of such amendment duly authenticated by the proper officer of the country […]
Section 5-13B-83 – Application to Establish and Maintain a Branch or Agency – Manner of Filing and Determination.
Section 5-13B-83 Application to establish and maintain a branch or agency – Manner of filing and determination. (a) A foreign bank making an application under this article for a license to establish and maintain an Alabama state branch or Alabama state agency shall deliver to the superintendent: (1) At least two, or more as the […]
Section 5-13B-99 – Amended License to Establish and Maintain a Branch or Agency.
Section 5-13B-99 Amended license to establish and maintain a branch or agency. (a) A foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency must secure an amended license if it changes its corporate name, changes the duration of its corporate existence, or desires to pursue in this […]