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5-13B-81
Section 5-13B-81 Branches and agencies of foreign banks - Necessity of licensure. (a) No foreign
bank shall transact business in this state except at an Alabama state branch or Alabama state
agency which it is licensed to establish and maintain pursuant to, and at which it conducts
such activities as are permitted by, this article. (b) Subsection (a) shall not be deemed
to prohibit: (1) Any foreign bank which maintains a federal agency or federal branch in this
state from transacting at such federal agency or federal branch such business as it may be
authorized to transact under applicable federal laws and regulations; or (2) Any foreign bank
which does not maintain an Alabama state branch or Alabama state agency from making in this
state loans secured by liens on real property located in this state; or (3) Any foreign bank
which maintains an Alabama branch or agency from transacting business as agent for an affiliated
depository or other institution in accordance with provisions of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-81.htm - 2K - Match Info - Similar pages
45-22-232
Section 45-22-232 Operation of jail store and telephone system; Law Enforcement Fund. (a) The
Sheriff of Cullman County, or the authorized agents of the sheriff, may operate a jail store
and a telephone system for prisoners within the confines of the county jail. The jail store
and telephone system shall be operated to serve the needs of the jail population. (b)(1) The
sheriff shall establish and maintain a Law Enforcement Fund in a bank located in Cullman County.
All proceeds collected under this section shall be deposited by the sheriff into the Law Enforcement
Fund. (2) The sheriff shall keep an account of all jail store sales, telephone usage fees,
and transactions of the Law Enforcement Fund for audit by the Department of Examiners of Public
Accounts. The jail store account, telephone system account, and Law Enforcement Fund shall
be audited at the same time other accounts of the sheriff are audited. The Department of Examiners
of Public Accounts shall submit a copy of the audit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-22-232.htm - 2K - Match Info - Similar pages
10A-2A-15.13
Section 10A-2A-15.13 Foreign corporation acting as fiduciary not deemed doing business in this
state. A foreign corporation, insofar as it acts in a fiduciary capacity in this state pursuant
to the provisions of this division, shall not be deemed to be transacting business in this
state, but no foreign corporation acting in a fiduciary capacity in this state pursuant to
the provisions of this division without registering to transact business in this state pursuant
to this title or other applicable provisions of law shall establish or maintain in this state
a place of business, branch office, or agency for the conduct of business as a fiduciary.
Nothing contained in this division shall diminish the authority of out-of-state banks and
trust companies to establish or acquire and maintain trust offices or representative trust
offices, or both, under the provisions of Chapter 11A of Title 5. (Act 2019-94, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2A-15.13.htm - 1K - Match Info - Similar pages
45-22-83.43
Section 45-22-83.43 Vending machines. (a) The Judge of Probate of Cullman County, or the authorized
agent of the judge of probate, may install vending machines and collect money from the vending
machines and charge and collect fees for copying documents in his or her office. (b) The judge
of probate shall establish and maintain a special probate fund in a bank located in Cullman
County. All proceeds collected under this section shall be deposited by the judge of probate
into the special probate fund. (c) The judge of probate shall keep an account of all monies
deposited into the special probate fund. The special probate fund shall be audited at the
same time other accounts of the judge of probate are audited. The Department of Examiners
of Public Accounts shall submit a copy of the audit to the judge of probate within 30 days
of its completion. (d) All profits realized from the vending machines and copying fees shall
be expended at the discretion of the judge of probate for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-22-83.43.htm - 1K - Match Info - Similar pages
10A-2-15.43
Section 10A-2-15.43 Foreign corporation acting as fiduciary not deemed doing business in this
state. REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS
IS NOT IN THE CURRENT CODE SUPPLEMENT. A foreign corporation, insofar as it acts in a fiduciary
capacity in this state pursuant to the provisions of this division, shall not be deemed to
be transacting business in this state, but no foreign corporation acting in a fiduciary capacity
in this state pursuant to the provisions of this division without qualifying to do business
in this state pursuant to this article or other applicable provisions of law shall establish
or maintain in this state a place of business, branch office, or agency for the conduct of
business as a fiduciary. Nothing contained in this division shall diminish the authority of
out-of-state banks and trust companies to establish or acquire and maintain trust offices
or representative trust offices, or both, under the provisions of Chapter...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-2-15.43.htm - 1K - Match Info - Similar pages
11-11B-6
Section 11-11B-6 Legal investment status of securities. Securities issued under the authority
of this chapter shall be securities in which the state, the grantee, all counties and political
subdivisions of the state, their officers, boards, departments or agencies and all banks,
bankers, trust companies, savings and loan associations, investment companies and other persons
carrying on a banking business, all insurance companies and insurance associations and other
persons carrying on an insurance business, all administrators, executors, guardians, trustees
and other fiduciaries, and all other persons who now are or may hereafter be authorized to
invest in securities issued by a county, may properly and legally invest any funds, including
capital belonging to them or within their control. (Acts 1981, No. 81-797, p. 1399, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-11B-6.htm - 1K - Match Info - Similar pages
11-81A-6
Section 11-81A-6 Legal investment status of securities. Securities issued under the authority
of this chapter shall be securities in which the state, the grantee, all counties, and political
subdivisions of this state, their officers, boards, departments or agencies, and all banks,
bankers, trust companies, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies and insurance associations and other
persons carrying on an insurance business, all administrators, executors, guardians, trustees,
and other fiduciaries, and all other persons who now are or may hereafter be authorized to
invest in securities issued by a municipality or county, may properly and legally invest any
funds, including capital belonging to them or within their control. (Acts 1980, No. 80-697,
p. 1400, §6.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-81A-6.htm - 1K - Match Info - Similar pages
40-22-3
Section 40-22-3 Tax on mortgages not applicable to any bank unless applicable to all. The term
"bank" as used in this section shall be held to mean a corporation holding a charter
issued by the Comptroller of the United States or the banking authorities of the State of
Alabama and duly authorized to receive funds on deposit, to be repaid on demand, and to carry
on the general business of banking and subject to all the laws of the state applicable to
corporations carrying on the business of banking. No tax as levied by the state in the recording
of mortgages of whatever kind filed for record in the probate court in any county in the state
shall be levied upon or collected from any bank in this state unless the said tax shall be
applicable to and collected from all banks and banking institutions doing business in the
State of Alabama. (Acts 1947, No. 181, p. 66.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-22-3.htm - 1K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-86.htm - 4K - Match Info - Similar pages
5-13B-110
Section 5-13B-110 Pledge of assets. (a) Each foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency shall keep on deposit, in accordance
with such regulations or orders as the superintendent shall promulgate, with such unaffiliated
Alabama banks as such foreign bank may designate and the superintendent may approve, interest-bearing
stocks and bonds, notes, debentures, or other obligations of the United States or any agency
or instrumentality thereof, or guaranteed by the United States, or of this state, or of a
city, county, town, village, school district, or instrumentality of this state or guaranteed
by this state, or dollar deposits, or obligations of the International Bank for Reconstruction
and Development, or obligations issued by the InterAmerican Development Bank, or obligations
of the Asian Development Bank, or obligations issued by the African Development Bank, or such
other assets as the superintendent shall by regulation or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-110.htm - 2K - Match Info - Similar pages
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