10A-2A-15.11
Section 10A-2A-15.11 Authority of foreign corporation to act as fiduciary. (a) Any foreign
corporation may act in this state as trustee, personal representative, executor, administrator
of any kind, guardian, conservator, or in any other like or similar fiduciary capacity, whether
the appointment is by law, will, deed, inter vivos trust, mortgage, deed of trust, court order
or otherwise, without the necessity of complying with any law of this state relating to the
qualification of foreign corporations to do business in this state or the licensing of foreign
corporations to do business in this state and notwithstanding any prohibition, limitation,
or restriction contained in any law of this state subject to the following conditions: (1)
The foreign corporation is authorized to act in a fiduciary capacity, or capacities, in the
state in which it is incorporated or, if the foreign corporation is a national banking association
or other corporation organized under the laws of the United...
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10A-2-15.41
Section 10A-2-15.41 Authority of foreign corporation to act as fiduciary. REPEALED IN THE 2019
REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE
SUPPLEMENT. (a) Any foreign corporation may act in this state as trustee, personal representative,
executor, administrator of any kind, guardian, conservator, or in any other like or similar
fiduciary capacity, whether the appointment is by law, will, deed, inter vivos trust, mortgage,
deed of trust, court order or otherwise, without the necessity of complying with any law of
this state relating to the qualification of foreign corporations to do business in this state
or the licensing of foreign corporations to do business in this state and notwithstanding
any prohibition, limitation, or restriction contained in any law of this state subject to
the following conditions: (1) The foreign corporation is authorized to act in a fiduciary
capacity, or capacities, in the state in which it is incorporated or, if...
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10A-2A-15.14
Section 10A-2A-15.14 Foreign corporation previously acting in fiduciary capacity in state.
The provisions of this division shall not prohibit any foreign corporation authorized to act
in a fiduciary capacity or capacities in the state in which it is incorporated or any national
banking association or other corporation organized under the laws of the United States authorized
to act in a fiduciary capacity or capacities in its principal place of business which, prior
to April 14, 1956, or in the case of a corporation other than a national banking association,
prior to January 1, 1995, was acting or appointed to act in this state in a particular fiduciary
capacity or capacities, from continuing in the performance of the fiduciary activity or activities
without complying with the provisions of this division. (Act 2019-94, §1.)...
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10A-2-15.44
Section 10A-2-15.44 Foreign corporation previously acting in fiduciary capacity in state. REPEALED
IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT
CODE SUPPLEMENT. The provisions of this division shall not prohibit any foreign corporation
authorized to act in a fiduciary capacity or capacities in the state in which it is incorporated
or any national banking association or other corporation organized under the laws of the United
States authorized to act in a fiduciary capacity or capacities in its principal place of business
which, prior to April 14, 1956, or in the case of a corporation other than a national banking
association, prior to January 1, 1995, was acting or appointed to act in this state in a particular
fiduciary capacity or capacities, from continuing in the performance of the fiduciary activity
or activities without complying with the provisions of this division. (Acts 1994, No. 94-245,
p. 343, §1; §10-2B-15.44; amended...
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10A-2-15.42
Section 10A-2-15.42 Filing of verified statement with Commissioner of Revenue by foreign corporation
prior to acting as fiduciary. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. Prior to the time when any foreign
corporation acts pursuant to the authority of this article in any fiduciary capacity or capacities
in this state, the foreign corporation shall file with the Commissioner of Revenue of this
state a verified statement which shall state: (1) The correct corporate name of the foreign
corporation; (2) The name of the state under the laws of which it is incorporated or if the
foreign corporation is a national banking association or other corporation organized under
the laws of the United States shall state that fact; (3) The address of its principal business
office; (4) In what fiduciary capacity, or capacities, it desires to act in the State of Alabama;
(5) That it is authorized to act in a similar...
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10A-2A-15.12
Section 10A-2A-15.12 Filing of verified statement with Commissioner of Revenue by foreign corporation
prior to acting as fiduciary. Prior to the time when any foreign corporation acts pursuant
to the authority of this article in any fiduciary capacity or capacities in this state, the
foreign corporation shall file with the Commissioner of Revenue of this state a verified statement
which shall state: (1) The correct corporate name of the foreign corporation; (2) The name
of the state under the laws of which it is incorporated or if the foreign corporation is a
national banking association or other corporation organized under the laws of the United States
shall state that fact; (3) The address of its principal business office; (4) In what fiduciary
capacity, or capacities, it desires to act in the State of Alabama; (5) That it is authorized
to act in a similar fiduciary capacity or capacities in the state in which it is incorporated
or, if it is a national banking association or other...
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10A-2A-15.10
Section 10A-2A-15.10 Definitions. The term "foreign corporation," as used in this
division, shall mean: (1) Any bank or other corporation now or hereafter organized or existing
under the laws of any state of the United States other than this state; and (2) Any national
banking association or other corporation organized under the laws of the United States having
its principal place of business in any state of the United States other than this state. (Act
2019-94, §1.)...
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10A-2-15.40
Section 10A-2-15.40 Definitions. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE
JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. The term "foreign corporation,"
as used in this division, shall mean: (1) Any bank or other corporation now or hereafter organized
or existing under the laws of any state of the United States other than the State of Alabama;
and (2) Any national banking association or other corporation organized under the laws of
the United States having its principal place of business in any state of the United States
other than Alabama. (Acts 1994, No. 94-245, p. 343, §1; §10-2B-15.40; amended and renumbered
by Act 2009-513, p. 967, §159.)...
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5-13B-86
Section 5-13B-86 Powers of branch and agency. (a) Except as otherwise specifically provided
in this division or in regulations or orders adopted by the superintendent, and notwithstanding
any other law or regulation of this state to the contrary, operations of a foreign bank at
an Alabama state branch or Alabama state agency shall be conducted with the same rights, privileges,
and powers as an Alabama state bank at the same location, including, but not limited to, the
eligibility to exercise fiduciary or trust powers, and shall be subject to all the same duties,
restrictions, penalties, liabilities, conditions, and limitations that would apply under the
laws of this state to an Alabama state bank doing business at the same location. (b) Among
other exceptions to the provisions of subsection (a) that may be required or authorized by
the superintendent pursuant to the provisions of this division: (1) An Alabama state branch
that was not grandfathered as an "insured branch" within the...
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5-13B-2
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 bank, if the acquiring company was not a bank holding
company prior to such acquisition; (II) More than five percent of any class of voting shares
of a bank holding company or a bank, if the acquiring company was a bank holding company prior
to such acquisition; or (III) All or substantially all of the assets of a bank holding company
or a bank; or (3) For a company to take any other action that results in the direct or indirect
acquisition of control by such company of a bank holding company or a bank; however, formation
of a de novo bank pursuant to Chapter 5A of this title is not an acquisition for purposes
of this article. (b) "Affiliate" has the meaning set forth in Section...
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