Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-13B-109 - Limitations on payment of interest on deposits

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.

(Acts 1995, No. 95-115, p. 134, §57.)

Last modified: May 3, 2021