Alabama Code 5-13B-29. Notice of subsequent merger, etc
Terms Used In Alabama Code 5-13B-29
- Bank holding company: has the meaning set forth in 12 U. See Alabama Code 5-13B-21
- Control: shall be construed consistently with the provisions of 12 U. See Alabama Code 5-13B-21
- Home state: means :
(1) With respect to a national bank, the state in which the main office of the bank is located; (2) With respect to a state bank, the state by which the bank is chartered; (3) With respect to a foreign bank, the state determined to be the home state of such foreign bank under 12 U. See Alabama Code 5-13B-21 - Out-of-state state bank: means a bank chartered under the laws of any state other than Alabama. See Alabama Code 5-13B-21
- State: means any state, territory, or other possession of the United States, including the District of Columbia. See Alabama Code 5-13B-21
- Superintendent: means the Superintendent of Banks then in office and, where appropriate, all of his or her successors and predecessors in office. See Alabama Code 5-13B-21
Each out-of-state state bank that has established and maintains a branch in this state pursuant to this article, or the home state regulator of such bank, shall give at least 30 days’ prior written notice to the superintendent, or, in the case of an emergency transaction, such shorter notice as is consistent with applicable state or federal law, of any merger, consolidation, or other transaction that would cause a change of control with respect to such out-of-state state bank or any bank holding company that controls such bank, with the result that an application would be required to be filed pursuant to the federal Change in Bank Control Act of 1978, as amended, 12 U.S.C. § 1817(j), or the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. §§1841 et seq., or any successor statutes thereto.