Statutes, codes, and regulations
Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONSChapter 13B - INTERSTATE AND INTERNATIONAL BANK ACQUISITIONS, MERGERS AND BRANCHINGArticle 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

Ala. Code § 5-13B-109

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Current through the 2024 Regular Session.
Section 5-13B-109 - Limitations 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.

Ala. Code § 5-13B-109 (1975)

Acts 1995, No. 95-115, p. 134, §57.