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§ 5-13b-109 — Alabama Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alabama/
  4. Title 5 - Banks and Financial Institutions/
  5. Chapter 13b - Interstate and International Bank Acquisitions, Mergers and Branching/
  6. Article 3 - Regulation of Foreign Banks/
  7. Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks/
  8. § 5-13b-109
Alabama Legal Code

§ 5-13b-109

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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.