Alabama § 5-13B-106 Books, Accounts, and Records

Alabama Statutes

§ 5-13B-106 — Books, Accounts, and Records

Alabama § 5-13B-106

JurisdictionAlabama

Title 5Banks and Financial Institutions

Ch. 13BInterstate and International Bank Acquisitions, Mergers and Branching

Art. 3Regulation of Foreign Banks

Div. 3Direct Branch, Agency, and Representative Offices of Foreign Banks

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Bluebook

Ala. Code § 5-13B-106 (2026).

Text

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.

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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.