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30 chapters · 545 sections in this title.
Ala. Code § 5-13B-20 Purpose
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It is the express intent of this article to permit interstate branching by merger under Section 102 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, Public Law No. 103-328, in accordance with the provisions set forth in this article. (Acts 1995, No. 95-…
Ala. Code § 5-13B-21 Definitions
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As used in this article, unless a different meaning is required by the context, the following words and phrases shall have the following meanings: (a) “Alabama bank” means a bank whose home state is Alabama. (b) “Alabama state bank” means a bank chartered under the laws of Alabam…
Ala. Code § 5-13B-22 Establishment of Interstate Branches by Acquisition or Merger; Branching
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With the prior approval of the superintendent, an Alabama state bank may establish, maintain, and operate one or more branches in a state other than Alabama or a foreign country on a de novo basis, by acquisition of a branch, or pursuant to an interstate merger transaction in whi…
Ala. Code § 5-13B-23 Interstate Merger Transactions and Branching; Operation of Branches
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(a) One or more Alabama state banks may enter into an interstate merger transaction with one or more out-of-state banks under this article, and an out-of-state bank resulting from such transaction may maintain and operate the branches in Alabama of an Alabama state bank that part…