REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
A foreign corporation, insofar as it acts in a fiduciary capacity in this state pursuant to the provisions of this division, shall not be deemed to be transacting business in this state, but no foreign corporation acting in a fiduciary capacity in this state pursuant to the provisions of this division without qualifying to do business in this state pursuant to this article or other applicable provisions of law shall establish or maintain in this state a place of business, branch office, or agency for the conduct of business as a fiduciary. Nothing contained in this division shall diminish the authority of out-of-state banks and trust companies to establish or acquire and maintain trust offices or representative trust offices, or both, under the provisions of Chapter 11A of Title 5.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2 - Business Corporations.
Article 15 - Foreign Corporations.
Division D - Acting in a Fiduciary Capacity.
Section 10A-2-15.40 - Definitions.
Section 10A-2-15.41 - Authority of Foreign Corporation to Act as Fiduciary.
Section 10A-2-15.44 - Foreign Corporation Previously Acting in Fiduciary Capacity in State.
Section 10A-2-15.45 - Service of Process on Foreign Corporation Acting in Fiduciary Capacity.