Alabama § 5-13B-93 Representative Office - Revocation of License

Alabama Statutes

§ 5-13B-93 — Representative Office - Revocation of License

Alabama § 5-13B-93

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

This text of Alabama § 5-13B-93 (Representative Office - Revocation of License) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 5-13B-93 (2026).

Text

The superintendent, after notice and opportunity for a hearing, may revoke a license to establish and maintain an Alabama representative office if he or she finds:

(1)The foreign bank has violated any provision of this article or any other law, rule, or regulation of this state; or

(2)Any fact or condition exists which, if it had existed at the time of the foreign bank’s original application for such license, would have resulted in the superintendent’s refusal to issue such license to the foreign bank.

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The superintendent, after notice and opportunity for a hearing, may revoke a license to establish and maintain an Alabama representative office if he or she finds:
(1) The foreign bank has violated any provision of this article or any other law, rule, or regulation of this state; or
(2) Any fact or condition exists which, if it had existed at the time of the foreign bank’s original application for such license, would have resulted in the superintendent’s refusal to issue such license to the foreign bank.