Alabama § 5-13B-101 Relocation of Office; Written Notice Necessary

Alabama Statutes

§ 5-13B-101 — Relocation of Office; Written Notice Necessary

Alabama·Title 5 Banks and Financial Institutions·Ch. 13B Interstate and International Bank Acquisitions, Mergers and Branching·Art. 3 Regulation of Foreign Banks·Div. 3 Direct Branch, Agency, and Representative Offices of Foreign Banks

(a)No foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall relocate any such office unless the foreign bank provides prior written notice to the superintendent and the superintendent shall have approved such relocation.

(b)Written notice provided by a foreign bank under this section shall be in such form and contain such information as the superintendent shall require by regulation or order.

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(a) No foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall relocate any such office unless the foreign bank provides prior written notice to the superintendent and the superintendent shall have approved such relocation.
(b) Written notice provided by a foreign bank under this section shall be in such form and contain such information as the superintendent shall require by regulation or order.

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