Direct Branch, Agency, and Representative Offices of Foreign Banks.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. Interstate and International Bank Acquisitions, Mergers and Branching.
  5. Regulation of Foreign Banks.
  6. Direct Branch, Agency, and Representative Offices of Foreign Banks.

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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.