Alabama § 5-13B-3 Scope of Article and Statement of Legislative Intent

Alabama Statutes

§ 5-13B-3 — Scope of Article and Statement of Legislative Intent

Alabama § 5-13B-3

Title 5Banks and Financial Institutions

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

Art. 1Acquisitions of Banks by Bank Holding Companies

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Bluebook

Ala. Code § 5-13B-3 (2026).

Text

This article sets forth the conditions under which a company may acquire an Alabama bank or an Alabama bank holding company or an Alabama bank holding company may acquire an out-of-state bank or bank holding company. This article is intended not to discriminate against out-of-state bank holding companies or against foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended effective September 29, 1995, by Section 101 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law No. 103-328.

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This article sets forth the conditions under which a company may acquire an Alabama bank or an Alabama bank holding company or an Alabama bank holding company may acquire an out-of-state bank or bank holding company. This article is intended not to discriminate against out-of-state bank holding companies or against foreign bank holding companies in any manner that would violate Section 3(d) of the Bank Holding Company Act, as amended effective September 29, 1995, by Section 101 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law No. 103-328.