Section 10-2B-15.44 Foreign corporation previously acting in fiduciary capacity in state. - Alabama Statutes

Section 10-2B-15.44

Foreign corporation previously acting in fiduciary capacity in state.

The provisions of this division shall not prohibit any foreign corporation authorized to act in a fiduciary capacity or capacities in the state in which it is incorporated or any national banking association or other corporation organized under the laws of the United States authorized to act in a fiduciary capacity or capacities in its principal place of business which, prior to April 14, 1956, or in the case of a corporation other than a national banking association, prior to January 1, 1995, was acting or appointed to act in this state in a particular fiduciary capacity or capacities, from continuing in the performance of said fiduciary activity or activities without complying with the provisions of this division.

(Acts 1994, No. 94-245, p. 343, §1.)