5-13B-100
Section 5-13B-100 Change of control of foreign bank. A foreign bank which is licensed to establish
and maintain an Alabama state branch, Alabama state agency, or Alabama representative office
shall file with the superintendent a notice, in such form and containing such information
as the superintendent may prescribe, no later than 14 calendar days after such foreign bank
becomes aware of any acquisition of control of such foreign bank or merges with another foreign
bank. (Acts 1995, No. 95-115, p. 134, §48.)...
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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.)...
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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-89
Section 5-13B-89 Representative office of foreign banks - Necessity of licensure. (a) No foreign
bank shall establish or maintain an Alabama representative office unless such foreign bank
is licensed by the superintendent to maintain such an Alabama representative office. (b) Nothing
in subsection (a) shall be deemed to prohibit a foreign bank which maintains a federal agency
or federal branch in this state from establishing or maintaining one or more Alabama representative
offices. (Acts 1995, No. 95-115, p. 134, §37.)...
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5-13B-91
Section 5-13B-91 Representative office - Factors for approval of application. (a) A foreign
bank making an application for a license to establish and maintain an Alabama representative
office shall deliver to the superintendent two, or more as the superintendent may require
by regulation, duplicate originals of the foreign bank's application. (b) The superintendent
shall issue a license to a foreign bank to establish and maintain an Alabama representative
office if he or she finds that: (1) The foreign bank is of good character and sound financial
standing; (2) The management of the foreign banks and the proposed management of the Alabama
representative office are adequate; and (3) The convenience and needs of persons to be served
by the proposed Alabama representative office will be promoted. (c) If the superintendent
determines to issue a license to a foreign bank to establish and maintain an Alabama representative
office, he or she shall, when all fees have been paid as required...
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5-13B-96
Section 5-13B-96 Appointment of superintendent as agent for service of process. (a) A foreign
bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency,
or Alabama representative office shall file with the superintendent an instrument irrevocably
appointing the superintendent and his or her successors in office to be such foreign bank's
agent, representative, and attorney to receive service of any lawful process in any judicial
or administrative proceeding against the foreign bank or any of its successors which arises
out of the foreign bank's activities in this state after such appointment has been filed,
with the same force and validity as if served directly on the foreign bank or its successor,
as the case may be. Such appointment shall be in such form and contain such information as
the superintendent may require by regulation or order. (b) Any foreign bank which establishes
an Alabama state branch, Alabama state agency, or Alabama...
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5-13B-104
Section 5-13B-104 Reports. (a) Each foreign bank which is licensed to establish and maintain
an Alabama state branch, Alabama state agency, or Alabama representative office shall file
with the superintendent such reports as and when the superintendent may require by regulation
or order. (b) Each report filed with the superintendent under this article or under any regulation
or order issued under this article shall be in such form and contain such information, shall
be signed in such manner, and shall be verified in such manner, as the superintendent may
require by regulation or order. (Acts 1995, No. 95-115, p. 134, §52.)...
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5-13B-94
Section 5-13B-94 Posting of license. Each foreign bank which is licensed to establish and maintain
an Alabama state branch, Alabama state agency, or Alabama representative office shall post
its license in a conspicuous place at such office. (Acts 1995, No. 95-115, p. 134, §42.)...

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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-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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