Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter11A. REGULATION OF TRUST BUSINESS OF BANKS AND TRUST COMPANIES. |
Article2. Transfer of Fiduciary Accounts. |
§5-11A-31. Approval of superintendent.
Latest version.
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Approval of the superintendent shall be deemed granted in the absence of written objection from the superintendent within 10 days after receipt by the superintendent of written notice from the transferor bank of the proposed transfer.