Disclosure of Lack of Deposit Insurance.

  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.
  7. Disclosure of Lack of Deposit Insurance.

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Section 5-13B-108

Disclosure of lack of deposit insurance.

Each foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall, in a manner established by the superintendent by regulation or order, give notice that deposits and credit balances in such office are not insured by the Federal Deposit Insurance Corporation.

(Acts 1995, No. 95-115, p. 134, §56.)


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