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Alabama Code (Last Updated: November 28, 2014) |
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Title5 BANKS AND FINANCIAL INSTITUTIONS. |
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Chapter13B. INTERSTATE AND INTERNATIONAL BANK ACQUISITIONS, MERGERS AND BRANCHING. |
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Article3. Regulation of Foreign Banks. |
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Division3. Direct Branch, Agency, and Representative Offices of Foreign Banks. |
§5-13B-100. Change of control of foreign bank.
Latest version.
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A foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall file with the superintendent a notice, in such form and containing such information as the superintendent may prescribe, no later than 14 calendar days after such foreign bank becomes aware of any acquisition of control of such foreign bank or merges with another foreign bank.