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Code of Alabama

3

Direct Branch, Agency, and Representative Offices of Foreign Banks

5-13B-80Purpose.5-13B-81Branches and Agencies of Foreign Banks - Necessity of Licensure.5-13B-82Application to Establish and Maintain a Branch or Agency - Contents.5-13B-83Application to Establish and Maintain a Branch or Agency - Manner of Filing and Determination.5-13B-84Application Fee.5-13B-85No Concurrent Maintenance of Federal Branches or Agencies.5-13B-86Powers of Branch and Agency.5-13B-87Fiduciary Activities.5-13B-88Authority to Act as Agent.5-13B-89Representative Office of Foreign Banks - Necessity of Licensure.5-13B-90Representative Office - Application.5-13B-91Representative Office - Factors for Approval of Application.5-13B-92Representative Office - Permissible Activities.5-13B-93Representative Office - Revocation of License.5-13B-94Posting of License.5-13B-95Licenses Not Transferable.5-13B-96Appointment of Superintendent as Agent for Service of Process.5-13B-97Service of Process.5-13B-98Filing of Amendments to Articles of Incorporation.5-13B-99Amended License to Establish and Maintain a Branch or Agency.5-13B-100Change of Control of Foreign Bank.5-13B-101Relocation of Office; Written Notice Necessary.5-13B-102Examination; Payment of Fees.5-13B-103Supervision and Enforcement.5-13B-104Reports.5-13B-105Confidentiality of Examination Reports.5-13B-106Books, Accounts, and Records.5-13B-107Separate Assets.5-13B-108Disclosure of Lack of Deposit Insurance.5-13B-109Limitations on Payment of Interest on Deposits.5-13B-110Pledge of Assets.5-13B-111Asset Maintenance.5-13B-112Voluntary Closure of Branch, Agency, or Representative Office - Application.5-13B-113Suspension or Revocation of License; Factors.5-13B-114Immediate Suspension or Revocation.5-13B-115Seizure of Foreign Bank’s Property and Business; Liquidation.