Section 5-13B-101 Relocation of office; written notice necessary. - Alabama Statutes

Section 5-13B-101

Relocation of office; written notice necessary.

(a) No foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall relocate any such office unless the foreign bank provides prior written notice to the superintendent and the superintendent shall have approved such relocation.

(b) Written notice provided by a foreign bank under this section shall be in such form and contain such information as the superintendent shall require by regulation or order.

(Acts 1995, No. 95-115, p. 134, §49.)