Alabama Statutes
§ 5-13B-109 — Limitations on Payment of Interest on Deposits
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 foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall be subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.
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Alabama § 5-13B-109 (Limitations on Payment of Interest on Deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1995, No. 95-115, p. 134, §57.)