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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-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 REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-15.42.htm - 2K - Match Info - Similar pages
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-15.14.htm - 1K - Match Info - Similar pages
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-2-15.41
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-15.11
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-15.11.htm - 2K - Match Info - Similar pages
40-16-1
Section 40-16-1 Definitions. For the purpose of this chapter, the following terms shall
have the respective meanings ascribed to them by this section: (1) FINANCIAL INSTITUTION.
Any person, firm, corporation, and any legal entity whatsoever doing business in this state
as a national banking association, bank, banking association, trust company, industrial or
other loan company or building and loan association, and such term shall likewise include
any other institution or person employing moneyed capital coming into competition with the
business of national banks, and shall apply to such person or institution regardless of what
business form and whether or not incorporated, whether of issue or not, and by whatsoever
authority existing. The common parent corporation of a controlled group of corporations eligible
to elect to file a consolidated excise tax return, in accordance with Section 40-16-3,
shall be considered a financial institution if such parent corporation is a registered bank...
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27-5A-2
Section 27-5A-2 Definitions. As used in this chapter, the following terms shall have
the following meanings, respectively, unless the context clearly indicates otherwise: (1)
ACTUARY. A person who is a member in good standing of the American Academy of Actuaries. (2)
COMMISSIONER. The Alabama Commissioner of Insurance. (3) CONTROLLING PERSON. Any person, firm,
association, or corporation who directly or indirectly has the power to direct or cause to
be directed, the management, control, or activities of the reinsurance intermediary. (4) INSURER.
Any person, firm, association, or corporation duly licensed in this state pursuant to the
applicable provisions of the insurance law as an insurer. (5) LICENSED PRODUCER. An insurance
producer or reinsurance intermediary licensed pursuant to the applicable provision of the
insurance law. (6) QUALIFIED U.S. FINANCIAL INSTITUTION. An institution that: a. Is organized
or, in the case of a U.S. office of a foreign banking organization, licensed,...
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27-5B-15
Section 27-5B-15 Qualified U.S. financial institutions. (a) For purposes of subdivision
(3) of Section 27-5B-14, a qualified U.S. financial institution means an institution
that meets all of the following: (1) Is organized or, in the case of a U.S. office of a foreign
banking organization, licensed, under the laws of the United States or any state thereof.
(2) Is regulated, supervised, and examined by U.S. federal or state authorities having regulatory
authority over banks and trust companies. (3) Has been determined by either the commissioner
or the Securities Valuation Office of the National Association of Insurance Commissioners
to meet such standards of financial condition and standing as are considered necessary and
appropriate to regulate the quality of financial institutions whose letters of credit will
be acceptable to the commissioner. (b) A qualified U.S. financial institution means, for purposes
of those provisions of this law specifying those institutions that are eligible...
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27-40-4
Section 27-40-4 Licenses - Investigation and qualifications of applicant; issuance.
(a) Upon the filing of an application and the payment of the license fee the commissioner
shall make an investigation of each applicant and shall issue a license if the applicant is
qualified in accordance with this section. If the commissioner does not so find, he
shall, within 30 days after he has received such application, at the request of the applicant,
give the applicant a full hearing. (b) The commissioner shall issue or renew a license as
may be applied for when he is satisfied that the person to be licensed: (1) Is competent and
trustworthy and intends to act in good faith in the capacity involved by the license applied
for; (2) Has a good business reputation and has had experience, training, or education, so
as to be qualified in the business for which the license is applied for; and (3) If a corporation,
is a corporation incorporated under the laws of this state or a foreign corporation...
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