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 […]
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.)
Section 5-13B-25 – Powers.
Section 5-13B-25 Powers. (a) An out-of-state state bank which establishes and maintains one or more branches in Alabama under this article may conduct any activities at such branch or branches that are authorized under the laws of this state for Alabama state banks. (b) An Alabama state bank may conduct any activities at any branch […]
Section 5-13B-85 – No Concurrent Maintenance of Federal Branches or Agencies.
Section 5-13B-85 No concurrent maintenance of federal branches or agencies. (a) No foreign bank which is licensed under this article to establish and maintain an Alabama state branch or Alabama state agency shall concurrently maintain a federal branch or federal agency in this state. (b) No foreign bank which maintains a federal branch or federal […]
Section 5-13B-101 – Relocation of Office; Written Notice Necessary.
Section 5-13B-101 Relocation of office; written notice necessary. (a) No foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall relocate any such office unless the foreign bank provides prior written notice to the superintendent and the superintendent shall have approved such relocation. (b) […]
Section 5-13B-2 – Definitions.
Section 5-13B-2 Definitions. For purposes of this article: (a) “Acquire” means: (1) For a company to merge or consolidate with a bank holding company; (2) For a company to assume direct or indirect ownership or control of: (I) More than 25 percent of any class of voting shares of a bank holding company or a […]