§ 5-11A-31 — Approval of Superintendent

Alabama § 5-11A-31

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 11A: Regulation of Trust Business of Banks and Trust Companies
• Art. 2: Transfer of Fiduciary Accounts

Text

Approval of the superintendent shall be deemed granted in the absence of written objection from the superintendent within 10 days after receipt by the superintendent of written notice from the transferor bank of the proposed transfer.

Legislative History

(Acts 1989, No. 89-539, p. 1127, §2.)