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5-13B-113
Section 5-13B-113 Suspension or revocation of license; factors. If, after notice and
a hearing, the superintendent finds any of the following with respect to a foreign bank which
is licensed to establish and maintain an Alabama state branch or Alabama state agency, he
or she may issue an order suspending or revoking the license of such foreign bank: (1) That
the foreign bank has violated any provision of this article or of any regulation or order
issued under this article or any provision of any other applicable law, regulation, or order;
(2) That the foreign bank is transacting activities in this state in an unsafe or unsound
manner or, in any case, is transacting activities elsewhere in an unsafe or unsound manner;
(3) That the foreign bank or any one or more of its Alabama state branches or Alabama state
agencies is in an unsafe or unsound condition; (4) That the foreign bank has ceased to operate
any of its offices in this state without the prior approval of the superintendent in...
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5-13B-88
Section 5-13B-88 Authority to act as agent. (a) An Alabama state branch or Alabama state
agency of a foreign bank licensed under this article may receive deposits, renew time deposits,
close loans, service loans, and receive payments on loans and other obligations as an agent
for any depository institution affiliate of such foreign bank, including branch, agency, and
other offices of the same foreign bank located in other states, generally in accordance with
the same terms, conditions, procedures, and requirements that are applicable under the laws
and regulations of this state to such agency activities that may be conducted by Alabama state
banks. (b) Notwithstanding any other provision of the laws or regulations of this state, an
Alabama state branch or Alabama state agency of a foreign bank acting in this state as an
agent in accordance with the provisions of this section shall not be considered to
be a branch of such other depository institution affiliate; provided, however, that...
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5-13B-83
Section 5-13B-83 Application to establish and maintain a branch or agency - Manner of
filing and determination. (a) A foreign bank making an application under this article for
a license to establish and maintain an Alabama state branch or Alabama state agency shall
deliver to the superintendent: (1) At least two, or more as the superintendent may require
by regulation, duplicate originals of the foreign bank's application; and (2) At least two,
or more as the superintendent may require by regulation, copies of its charter or articles
of incorporation and all amendments thereto, duly authenticated by the proper officer of the
country of such foreign bank's organization. (b) The superintendent shall issue a license
to a foreign bank to establish and maintain an Alabama state branch or Alabama state agency
if he or she finds that: (1) The foreign bank is of good character and sound financial standing;
(2) The management of the foreign bank and the proposed management of the Alabama state...
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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...
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34-29-72
Section 34-29-72 Application; qualifications; faculty license. (a) Any person desiring
a license to practice veterinary medicine in this state shall make written application in
the English language to the board. The application shall show that the applicant is at least
21 years old, is a graduate of an accredited veterinary school, is a citizen of the United
States or, if not a citizen of the United States, is legally present in the United States
with appropriate documentation from the federal government, and any other information and
proof as the board may require pursuant to the administrative code of the board. The application
shall be accompanied by application and examination fees in the amounts established and published
by the board. (b) Graduates of veterinary medical programs not accredited by the AVMA shall
furnish satisfactory proof of an Educational Commission for Foreign Veterinarian Graduates
(ECFVG) certificate or its equivalent provided by the American Veterinary Medical...
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27-61-1
Section 27-61-1 Surplus Lines Insurance Multi-State Compliance Compact. The Surplus
Lines Insurance Multi-State Compliance Compact Act is enacted into law and entered into with
all jurisdictions mutually adopting the compact in the form substantially as follows: PREAMBLE
WHEREAS, with regard to Non-Admitted Insurance policies with risk exposures located in multiple
states, the 111th United States Congress has stipulated in Title V, Subtitle B, the Non-Admitted
and Reinsurance Reform Act of 2010, of the Dodd-Frank Wall Street Reform and Consumer Protection
Act, hereafter, the NRRA, that: (A) The placement of Non-Admitted Insurance shall be subject
to the statutory and regulatory requirements solely of the insured's Home State, and (B) Any
law, regulation, provision, or action of any State that applies or purports to apply to Non-Admitted
Insurance sold to, solicited by, or negotiated with an insured whose Home State is another
State shall be preempted with respect to such application;...
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5-13B-82
Section 5-13B-82 Application to establish and maintain a branch or agency - Contents.
(a) A foreign bank, in order to procure a license under this article to establish and maintain
an Alabama state branch or Alabama state agency shall submit an application to the superintendent.
Such application shall contain: (1) The same information as required by the Board of Governors
of the Federal Reserve System for an application to establish a branch or agency, as the case
may be, in the United States; and (2) Such additional information as the superintendent may
require by regulation or order. (b) In addition to the information required to be included
in an application for a license to establish and maintain an Alabama state branch or Alabama
state agency listed in subsection (a), the superintendent may as he or she deems necessary
or appropriate require a foreign bank to include as part of such an application an instrument
irrevocably appointing the superintendent and his or her successors in...
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5-13B-131
Section 5-13B-131 Establishment of interstate branches in this state by out-of-state
foreign banks. (a) Except as provided in subsection (b), an out-of-state foreign bank may
establish an interstate Alabama state branch in the same manner, including by merger or other
transactions under Section 44 of the Federal Deposit Insurance Act, and comparable
provisions of the laws of this state, with Alabama banks or other institutions, as, and subject
generally to the same criteria, standards, conditions, requirements, and procedures applicable
to the establishment of interstate branches in this state by, an out-of-state bank having
the same home state in the United States, notwithstanding any provision of the laws or regulations
of this state to the contrary. (b) Notwithstanding the provisions of subsection (a), the superintendent:
(1) Shall apply to the establishment of an initial interstate Alabama state branch, and subsequent
intrastate Alabama branches, of any out-of-state foreign bank...
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5-13B-99
Section 5-13B-99 Amended license to establish and maintain a branch or agency. (a) A
foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama
state agency must secure an amended license if it changes its corporate name, changes the
duration of its corporate existence, or desires to pursue in this state other or additional
purposes than those set forth in its prior application under this article for a license, by
making application therefor to the superintendent. (b) The requirements with respect to the
form and contents of an application under subsection (a), the manner of its execution, the
filing of duplicate originals thereof with the superintendent, the issuance of an amended
license and the effect thereof shall be the same as in the case of an initial application
for a license to establish and maintain an Alabama state branch or Alabama state agency. (Acts
1995, No. 95-115, p. 134, §47.)...
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5-13B-84
Section 5-13B-84 Application fee. Upon applying to the superintendent under this article
for a license to establish and maintain an Alabama state branch or Alabama state agency, a
foreign bank shall pay to the superintendent an application fee in such amount and in such
manner as the superintendent shall require by regulation. (Acts 1995, No. 95-115, p. 134,
§32.)...
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