Section 5-14A-8 Power to establish or acquire branch offices and subsidiaries. - Alabama Statutes

Section 5-14A-8

Power to establish or acquire branch offices and subsidiaries.

Notwithstanding any other provision of law to the contrary, an Alabama association or Alabama savings and loan holding company acquired pursuant to this chapter, or any successors to such an association or holding company by reason of an acquisition pursuant to this chapter, shall continue to have, after such acquisition, the same powers to establish or acquire branch offices and subsidiaries as such association or holding company possess prior to such acquisition.

(Acts 1987, No. 87-152, p. 207, §8.)