Alabama § 5-3A-32 Definitions

Alabama Statutes

§ 5-3A-32 — Definitions

Alabama·Title 5 Banks and Financial Institutions·Ch. 3A Examinations of Banks; Reports of Banks·Art. 2 Examination of Bank Services Providers Act

For the purposes of this article, the following terms shall have the following meanings:

(1)SERVICE PROVIDER. Any person, company, corporation, or other legal entity that provides a covered service listed in Section 5-3A-33 to a serviced bank.

(2)SERVICED BANK. Every bank, bank holding company, bank service company, or any subsidiary or affiliate of a bank that is subject to the supervision of the superintendent pursuant to Section 5-3A-1, and for which covered services are performed by a service provider.

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For the purposes of this article, the following terms shall have the following meanings:
(1) SERVICE PROVIDER. Any person, company, corporation, or other legal entity that provides a covered service listed in Section 5-3A-33 to a serviced bank.
(2) SERVICED BANK. Every bank, bank holding company, bank service company, or any subsidiary or affiliate of a bank that is subject to the supervision of the superintendent pursuant to Section 5-3A-1, and for which covered services are performed by a service provider.

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