5-13B-112
Section 5-13B-112 Voluntary closure of branch, agency, or representative office - Application.
(a) No foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama
state agency, or Alabama representative office shall close such office without filing an application
with, and obtaining the prior approval of, the superintendent. An application by a foreign
bank under this section shall be in such form and include such information as the superintendent
shall establish by regulation or order. (b) If the superintendent finds, with respect to an
application by a foreign bank under this section, that the closing of such office will not
be substantially detrimental to the public convenience and advantage, the superintendent shall
approve such application. If the superintendent finds otherwise, he or she shall deny the
application. (c) Whenever an application by a foreign bank under this section has been approved
and all conditions precedent to such closing have been...
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5-13B-27
Section 5-13B-27 Enforcement. If the superintendent determines that a branch maintained by
an out-of-state state bank in this state is being operated in violation of any provision of
the laws of this state, or that such branch is being operated in an unsafe and unsound manner,
the superintendent shall have the authority to take all such enforcement actions as he or
she would be empowered to take if the branch were an Alabama state bank; provided that the
superintendent shall promptly give notice to the home state regulator of each enforcement
action taken against an out-of-state state bank and, to the extent practicable, shall consult
and cooperate with the home state regulator in pursuing and resolving the enforcement action.
(Acts 1995, No. 95-115, p. 134, §19.)...
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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-9
Section 5-13B-9 Agency activities. (a) Any Alabama state bank may, upon compliance with the
requirements of this section, agree to receive deposits, renew time deposits, close loans,
service loans, receive payments on loans and other obligations and, with the prior approval
of the superintendent, perform other services as an agent for any depository institution.
(b) An Alabama state bank that proposes to enter into an agency agreement to perform services
other than those specifically designated in subsection (a) shall file with the superintendent
at least 30 days before the effective date of the agreement: (1) A notice of intention to
enter into such an agency agreement with a depository institution; (2) A description of the
services other than those specifically designated in subsection (a) proposed to be performed
under the agency agreement; and (3) A copy of the agreement. (c) If any proposed service is
not specifically designated in subsection (a) and has not previously been...
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5-7A-60
Section 5-7A-60 Purpose. It is the purpose of this article to permit state and federally chartered
savings and loan associations and savings banks to convert to state chartered banks with the
approval of the Superintendent of Banks for the State of Alabama in accordance with the provisions
of this article. (Acts 1990, No. 90-289, p. 387, §1.)...
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7-4-203
Section 7-4-203 Effect of instructions. Subject to Article 3 concerning conversion of instruments
(Section 7-3-420) and restrictive indorsements (Section 7-3-206), only a collecting bank's
transferor can give instructions that affect the bank or constitute notice to it, and a collecting
bank is not liable to prior parties for any action taken pursuant to the instructions or in
accordance with any agreement with its transferor. (Acts 1965, No. 549, p. 811; repealed by
Acts 1995, No. 95-668, p. 1381, §2; added by Acts 1995, No. 95-668, p. 1381, §2.)...
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45-22-40
Section 45-22-40 Branch banks authorized. (a) After, August 13, 1987, any established bank
which is authorized by its charter or by law to do a general banking business in Cullman County
may, with the written consent of the State Banking Department, open, establish, and operate
branch banks, branch offices, or places for doing a banking business anywhere within the county,
any other provision of law to the contrary notwithstanding. (b) Any bank situated or having
an authorized place of business in any municipality within Cullman County, may with the approval
of the Superintendent of Banks of the State of Alabama, establish, maintain, and operate branch
banks, or additional offices or places of business within such municipality in which such
bank is located, for the receipt of deposits, payment of checks, making of loans, and conducting
a general banking business. (c) The provisions of this section are cumulative and are in addition
to any other provisions of law providing for branch...
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45-5-40
Section 45-5-40 Branch banking. After May 20, 1985, any bank which is authorized by law to
do a general banking business in Blount County may, with the written consent of the State
Department of Banks, open, establish, and operate branch banks, branch offices, or places
for doing a banking business anywhere within the county, any other provision of law to the
contrary notwithstanding. (Act 85-615, p. 943, §1.)...
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45-9-90
Section 45-9-90 Banks. Any bank, whether incorporated or unincorporated, within this state,
now or hereafter situated in Chambers County, and where the principal place of business of
such bank is situated in the county shall have the power to establish, maintain, and operate
within the county, one or more branches, or branch banks, branch offices, branch agencies,
additional offices, or branch places of business for the receipt of deposits, payment of checks,
lending of money and the conduct of a general banking and trust business, provided that such
bank before the establishment of any such branch or branches, shall first secure the written
consent thereto of the State Superintendent of Banks. (Act 84-295, p. 660, §1.)...
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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.)...
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