|
5-13B-107
Section 5-13B-107 Separate assets. (a) Each foreign bank which is licensed to establish and
maintain an Alabama state branch or Alabama state agency in this state shall keep the assets
of its business in this state separate and apart from the assets of its business outside this
state. (b) The creditors of a foreign bank arising out of transactions with, and recorded
on the books of, its Alabama state branch or Alabama state agency shall be entitled to absolute
preference and priority over creditors of such foreign bank offices located outside of Alabama
with respect to the assets of such foreign bank's offices in this state. (Acts 1995, No. 95-115,
p. 134, §55.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-107.htm - 989 bytes - Match Info - Similar pages
5-2A-12
Section 5-2A-12 Superintendent - Order to correct unsafe and unsound matters; penalties; procedure.
(a) For purposes of this section, a bank holding company is a holding company organized under
the laws of Alabama or another state in the United States that directly owns a majority of
the voting securities of an Alabama state bank. (b) The superintendent may order a bank, a
bank holding company, the board of directors, any director or directors, and any officer or
officers of any bank or bank holding company, individually or collectively (hereafter affected
person, whether one or more) to correct any matters in the conduct of the affairs of the bank
which in the opinion of the superintendent are unsafe and unsound. The Banking Board, after
at least 20 days' written notice by the superintendent to the bank and any affected person,
and a hearing before the Banking Board, may direct the superintendent to issue an order that
imposes civil money penalties on the bank or bank holding company...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-2A-12.htm - 4K - Match Info - Similar pages
5-3A-6
Section 5-3A-6 Examination of witnesses and production of documents; penalties for false entry
or statement; proceedings against former employees. (a) For purposes of this section, a bank
holding company is a holding company organized under the laws of Alabama or another state
in the United States that directly owns a majority of the voting securities of an Alabama
state bank. (b) The superintendent and every examiner acting under the superintendent may
administer oaths and may examine under oath any person whose testimony may be required on
the examination of any bank or any bank holding company, on the examination of any affiliate
of a bank, or on the examination of any agency of any foreign bank and shall have authority
and power to compel the appearance and attendance of any such person or the production of
any records and documents of any bank, any bank holding company, any affiliate of a bank,
or any agency of a foreign bank for the purpose of any examination and attendance or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-3A-6.htm - 4K - Match Info - Similar pages
5-13B-106
Section 5-13B-106 Books, accounts, and records. Each foreign bank which is licensed to establish
and maintain an Alabama state branch, Alabama state agency, or Alabama representative office
shall maintain or make available at any such office appropriate books, accounts, and records
reflecting (1) all transactions effected by or on behalf of such office and (2) all actions
taken in this state by employees of the foreign banking corporation located in this state
to effect transactions on behalf of any office of such foreign bank located outside this state.
(Acts 1995, No. 95-115, p. 134, §54.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-106.htm - 907 bytes - Match Info - Similar pages
5-13B-85
Section 5-13B-85 No concurrent maintenance of federal branches or agencies. (a) No foreign
bank which is licensed under this article to establish and maintain an Alabama state branch
or Alabama state agency shall concurrently maintain a federal branch or federal agency in
this state. (b) No foreign bank which maintains a federal branch or federal agency in this
state shall concurrently be licensed under this article to maintain an Alabama state branch
or Alabama state agency. (Acts 1995, No. 95-115, p. 134, §33.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-85.htm - 836 bytes - Match Info - Similar pages
45-48-40
Section 45-48-40 Branch banking authorized. (a) Any bank, incorporated under the laws of this
state and having a banking office in Marshall County, and any national bank having a combined
paid in capital and earned surplus of at least two hundred thousand dollars ($200,000), shall
have the power to establish, maintain, and operate within the limits of such county, one or
more branches or branch banks, and to conduct all types of banking and trust business at such
branch or branch bank as such bank is lawfully authorized to conduct at its principal office;
provided that no branch may be established within the city limits of any incorporated municipality
having a population of 5,000 or less in accord with the present or any subsequent federal
decennial census and in which a bank is already established; and further provided that any
such branch or branch bank lawfully established under this section may continue to operate
if the population of the incorporated municipality in which it is...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/45-48-40.htm - 1K - Match Info - Similar pages
5-7A-63
Section 5-7A-63 Resulting bank as continuation of savings institution. Except insofar as the
superintendent requires the converting savings institution to terminate certain activities
and dispose of certain assets in order to meet the requirements applicable to state chartered
banks, upon the conversion of any savings institution into a state chartered bank, the corporate
existence of such savings institution shall not terminate, but such resulting bank shall be
deemed to be a continuation of the savings institution so converted, and all property of the
converted savings institution including its rights, titles and interests in and to all property
of whatsoever kind, character or description, whether real, personal or mixed, and things
in action and every right, privilege, interest and asset of any conceivable value or benefit,
and all obligations, liabilities, charges, liens, encumbrances, judgments, and claims then
existing or pertaining to it or which would inure to or against it,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-7A-63.htm - 2K - Match Info - Similar pages
16-3-34
Section 16-3-34 Authority of institutions of higher learning to make interstate educational
agreements. Any institution of higher learning which receives all or part of its support from
the State of Alabama, subject to approval by the State Board of Education and under such rules
and regulations as the State Board of Education shall determine, may contract with other state
governments, agencies of other state governments or institutions of higher learning of other
state governments to provide educational facilities at such Alabama institution of higher
learning to residents of such other states. Any institution of higher learning which receives
all or part of its support from the State of Alabama, subject to approval by the State Board
of Education and under such rules and regulations as the State Board of Education shall determine,
may contract with other state governments, agencies of other state governments, institutions
of higher learning of other state governments or private...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-3-34.htm - 1K - Match Info - Similar pages
16-60-270
Section 16-60-270 Merger of institutions; college designated and named. The educational institution
resulting from the merger of Gadsden State Junior College, Gadsden State Technical Institute
and Alabama Technical College in Gadsden, Alabama, shall be named and designated as Gadsden
State Community College. (Acts 1986, No. 86-208, p. 274, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/16-60-270.htm - 655 bytes - Match Info - Similar pages
5-13B-109
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.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-13B-109.htm - 677 bytes - Match Info - Similar pages
|