Alabama Statutes

§ 5-13B-11 — Authority to Issue Regulations; Cooperative Agreements; Fees

Alabama·Title 5 Banks and Financial Institutions·Ch. 13B Interstate and International Bank Acquisitions, Mergers and Branching·Art. 1 Acquisitions of Banks by Bank Holding Companies

In order to carry out the purposes of this title, in addition to and cumulative with the authority and powers of the superintendent set forth elsewhere in this title, the superintendent may:

(1)Adopt regulations;
(2)Enter into cooperative, coordinating, or information-sharing agreements with any other bank supervisory agency or any organization affiliated with or representing one or more bank supervisory agencies;
(3)Accept any report of examination or investigation by another bank supervisory agency having concurrent jurisdiction over an Alabama state bank or a bank holding company that controls an Alabama state bank in lieu of conducting the superintendent’s own examination or investigation of such bank holding company or bank;
(4)Enter into contracts with any bank supervisory agency

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Legislative History

Acts 1995, No. 95-115, p. 134, §11; Act 2007-224, p. 284, §1; Act 2011-589, §1.)

Nearby Sections

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