Limitations on Payment of Interest on Deposits.

  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. Limitations on Payment of Interest on Deposits.

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Section 5-13B-109

Limitations on payment of interest on deposits.

A foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall be subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.

(Acts 1995, No. 95-115, p. 134, §57.)


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