reglab/housing_qa huggingface dataset:
AL Code § 5-13B-90 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-90 - Representative Office - Application.

Section 5-13B-90Representative office - Application. (a) The application for a license to establish and maintain an Alabama representative office shall be in writing under oath and shall be in such form and contain such information as the superintendent may require by regulation or order. The application shall be accompanied by a reasonable fee as the superintendent may establish by regulation. (b) The superintendent shall require a foreign bank to include as part of its application to establish and maintain an Alabama representative office an instrument irrevocably appointing the superintendent and his or her successors in office to be such foreign bank's agent, representative, and attorney to receive service of any lawful process in any proceeding against such foreign bank or any of its successors which arises out of a transaction with its Alabama representative office, with the same force and validity as if served on the foreign bank or its successor, as the case may be. Such appointment shall be in such form and contain such information as the superintendent may require by regulation or order. (Acts 1995, No. 95-115, p. 134, §38.)
AL Code § 5-13B-91 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-91 - Representative Office - Factors for Approval of Application.

Section 5-13B-91Representative office - Factors for approval of application. (a) A foreign bank making an application for a license to establish and maintain an Alabama representative office shall deliver to the superintendent two, or more as the superintendent may require by regulation, duplicate originals of the foreign bank's application. (b) The superintendent shall issue a license to a foreign bank to establish and maintain an Alabama representative office if he or she finds that: (1) The foreign bank is of good character and sound financial standing; (2) The management of the foreign banks and the proposed management of the Alabama representative office are adequate; and (3) The convenience and needs of persons to be served by the proposed Alabama representative office will be promoted. (c) If the superintendent determines to issue a license to a foreign bank to establish and maintain an Alabama representative office, he or she shall, when all fees have been paid as required under this article: (1) Endorse on each duplicate original of the application the word "Filed," and the date of the filing thereof and return to the foreign bank one such duplicate original so endorsed; (2) File in his or her office one of such duplicate originals of the application; and (3) Issue a license to establish and maintain an Alabama representative office to such foreign bank. (d) Each license issued to a foreign bank to establish and maintain an Alabama representative office shall state fully the name of the foreign bank to which such license is issued, the address or addresses at which such Alabama representative office is to be located and all such other information as the superintendent may require by regulation. (Acts 1995, No. 95-115, p. 134, §39.)
AL Code § 5-13B-92 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-92 - Representative Office - Permissible Activities.

Section 5-13B-92Representative office - Permissible activities. (a) A foreign bank which is licensed to establish and maintain an Alabama representative office may, subject to such regulations as the superintendent may prescribe, engage in the following activities: (1) Solicitation for loans and in connection therewith the assembly of credit information, making of property inspections and appraisals, securing of title information, preparation of applications for loans including making recommendations with respect to action thereon, solicitation of investors to purchase loans from the foreign bank, and the search for such investors to contract with the foreign bank for servicing of such loans; (2) The solicitation of new business; (3) The conduct of research; and (4) Back office administrative functions as may be more specifically defined in regulations issued by the superintendent. Any other activity which the foreign bank seeks to conduct at such office shall be subject to the prior written approval of the superintendent by general regulation or upon application in such form as the superintendent shall require by regulation or order. (b) Notwithstanding subsection (a), an Alabama representative office may engage in credit approval activities provided that the foreign bank (1) gives 45 days' prior written notice to the superintendent; and (2) the superintendent does not object within such 45-day period to the conduct of such activities by the Alabama representative office. Written notice under this subsection shall be in such a form and contain such information as the superintendent shall require by regulation or order. (Acts 1995, No. 95-115, p. 134, §40.)
AL Code § 5-13B-93 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-93 - Representative Office - Revocation of License.

Section 5-13B-93Representative office - Revocation of license. The superintendent, after notice and opportunity for a hearing, may revoke a license to establish and maintain an Alabama representative office if he or she finds: (1) The foreign bank has violated any provision of this article or any other law, rule, or regulation of this state; or (2) Any fact or condition exists which, if it had existed at the time of the foreign bank's original application for such license, would have resulted in the superintendent's refusal to issue such license to the foreign bank. (Acts 1995, No. 95-115, p. 134, §41.)
AL Code § 5-13B-94 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-94 - Posting of License.

Section 5-13B-94Posting of license. Each foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall post its license in a conspicuous place at such office. (Acts 1995, No. 95-115, p. 134, §42.)
AL Code § 5-13B-95 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-95 - Licenses Not Transferable.

Section 5-13B-95Licenses not transferable. No license issued by the superintendent in accordance with this article shall be transferable or assignable. (Acts 1995, No. 95-115, p. 134, §43.)
AL Code § 5-13B-96 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-96 - Appointment of Superintendent as Agent for Service of Process.

Section 5-13B-96Appointment of superintendent as agent for service of process. (a) 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 an instrument irrevocably appointing the superintendent and his or her successors in office to be such foreign bank's agent, representative, and attorney to receive service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in this state after such appointment has been filed, with the same force and validity as if served directly on the foreign bank or its successor, as the case may be. Such appointment shall be in such form and contain such information as the superintendent may require by regulation or order. (b) Any foreign bank which establishes an Alabama state branch, Alabama state agency, or Alabama representative office and which has not filed with the superintendent an instrument pursuant to subsection (a) shall be deemed by the establishment of such office to have appointed the superintendent as its agent, representative, and attorney to receive service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in this state, with the same force and validity as if served directly on the foreign bank or its successor, as the case may be. (Acts 1995, No. 95-115, p. 134, §44.)
AL Code § 5-13B-97 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-97 - Service of Process.

Section 5-13B-97Service of process. (a) Service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in this state shall be made on the superintendent by delivering to and leaving with him or her, or with any official having charge of his or her office, duplicate copies of such process, notice, or demand. If any process, notice, or demand is served on the superintendent, he or she shall immediately cause a copy thereof to be forwarded by registered mail addressed to such foreign bank at its principal office as the same appears in his or her records. Any service so had on the superintendent shall be returnable in not less than 30 days. (b) Nothing in this article limits or affects the right to serve any process, notice, or demand required or permitted by law to be served upon a foreign corporation in any other manner now or hereafter permitted by law. (c) The superintendent shall keep a record of all processes, notices, and demands served upon him or her under this section and shall record therein the time of such service and his or her action with reference thereto. (Acts 1995, No. 95-115, p. 134, §45.)
AL Code § 5-13B-98 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-98 - Filing of Amendments to Articles of Incorporation.

Section 5-13B-98Filing of amendments to articles of incorporation. A foreign bank which is licensed to maintain an Alabama state branch or Alabama state agency, whenever its articles of incorporation are amended, shall forthwith file in the office of the superintendent a copy of such amendment duly authenticated by the proper officer of the country of such foreign bank's organization, but the filing thereof may not of itself enlarge or alter the purpose or purposes for which such foreign bank is authorized to pursue in the transaction of its business in this state, nor authorize such foreign bank to transact business in this state under any name other than the name set forth in its license, nor extend the duration of its corporate existence. (Acts 1995, No. 95-115, p. 134, §46.)
AL Code § 5-13B-99 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-99 - Amended License to Establish and Maintain a Branch or Agency.

Section 5-13B-99Amended license to establish and maintain a branch or agency. (a) A foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency must secure an amended license if it changes its corporate name, changes the duration of its corporate existence, or desires to pursue in this state other or additional purposes than those set forth in its prior application under this article for a license, by making application therefor to the superintendent. (b) The requirements with respect to the form and contents of an application under subsection (a), the manner of its execution, the filing of duplicate originals thereof with the superintendent, the issuance of an amended license and the effect thereof shall be the same as in the case of an initial application for a license to establish and maintain an Alabama state branch or Alabama state agency. (Acts 1995, No. 95-115, p. 134, §47.)
AL Code § 5-13B-100 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-100 - Change of Control of Foreign Bank.

Section 5-13B-100Change of control of foreign bank. 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. (Acts 1995, No. 95-115, p. 134, §48.)
AL Code § 5-13B-101 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-101 - Relocation of Office; Written Notice Necessary.

Section 5-13B-101Relocation 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.)
AL Code § 5-13B-102 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-102 - Examination; Payment of Fees.

Section 5-13B-102Examination; payment of fees. (a) An Alabama state branch, Alabama state agency, or Alabama representative office shall be subject to examination by the superintendent at such intervals and in such a manner as he or she shall establish by regulation or order. (b) In conducting an examination pursuant to this section, the superintendent shall: (1) Have full access to the offices, books, accounts, and records of each office located in this state, as well as all of the books, accounts, and records maintained in this state of any office not located in this state of such foreign bank; and (2) Have authority to require the attendance of and to examine under oath all persons whose testimony may be required relative to the activities of such office. (c) A foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall be assessed a reasonable fee for the expenses incurred by the superintendent in making an examination of such office. Such fee shall be assessed in an amount and in a manner as the superintendent shall establish by regulation. (d) A foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall be subject to all reasonable fees and expenses in such amounts as the superintendent may require by regulation. (Acts 1995, No. 95-115, p. 134, §50.)
AL Code § 5-13B-104 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-104 - Reports.

Section 5-13B-104Reports. (a) Each 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 such reports as and when the superintendent may require by regulation or order. (b) Each report filed with the superintendent under this article or under any regulation or order issued under this article shall be in such form and contain such information, shall be signed in such manner, and shall be verified in such manner, as the superintendent may require by regulation or order. (Acts 1995, No. 95-115, p. 134, §52.)
AL Code § 5-13B-105 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-105 - Confidentiality of Examination Reports.

Section 5-13B-105Confidentiality of examination reports. (a) All reports of examinations and investigations, correspondence, and memoranda concerning or arising out of such examinations and investigations, including any duly authenticated copy or copies thereof in the possession of any foreign bank, shall not be subject to subpoena and shall not be made public unless, in the judgment of the superintendent, the public advantage will be served by the publication thereof, in which event the superintendent may publish or authorize the publication of a copy of any such report or any part thereof in such manner as may be deemed proper. (b) For the purposes of this section, reports of examinations shall include reports of examinations conducted by any bank supervisory agency which are considered confidential by such agency and which are in possession of the superintendent. (Acts 1995, No. 95-115, p. 134, §53.)
AL Code § 5-13B-106 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-106 - Books, Accounts, and Records.

Section 5-13B-106Books, accounts, and records. Each foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall maintain or make available at any such office appropriate books, accounts, and records reflecting (1) all transactions effected by or on behalf of such office and (2) all actions taken in this state by employees of the foreign banking corporation located in this state to effect transactions on behalf of any office of such foreign bank located outside this state. (Acts 1995, No. 95-115, p. 134, §54.)
AL Code § 5-13B-107 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-107 - Separate Assets.

Section 5-13B-107Separate assets. (a) Each foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency in this state shall keep the assets of its business in this state separate and apart from the assets of its business outside this state. (b) The creditors of a foreign bank arising out of transactions with, and recorded on the books of, its Alabama state branch or Alabama state agency shall be entitled to absolute preference and priority over creditors of such foreign bank offices located outside of Alabama with respect to the assets of such foreign bank's offices in this state. (Acts 1995, No. 95-115, p. 134, §55.)
AL Code § 5-13B-108 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-108 - Disclosure of Lack of Deposit Insurance.

Section 5-13B-108Disclosure of lack of deposit insurance. Each foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall, in a manner established by the superintendent by regulation or order, give notice that deposits and credit balances in such office are not insured by the Federal Deposit Insurance Corporation. (Acts 1995, No. 95-115, p. 134, §56.)
AL Code § 5-13B-109 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.|Article 3 - Regulation of Foreign Banks.|Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.|Section 5-13B-109 - Limitations on Payment of Interest on Deposits.

Section 5-13B-109Limitations on payment of interest on deposits. A foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall be subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System. (Acts 1995, No. 95-115, p. 134, §57.)