The superintendent may enforce the provisions of this article by any appropriate action in the circuit courts of this state, including an action for civil money penalties or injunctive relief, provided, that the superintendent shall promptly give notice to the home state regulator of any enforcement action initiated against an out-of-state bank holding company and, to the extent practicable, shall consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.
Article 1 - Acquisitions of Banks by Bank Holding Companies.
Section 5-13B-1 - Short Title.
Section 5-13B-2 - Definitions.
Section 5-13B-3 - Scope of Article and Statement of Legislative Intent.
Section 5-13B-4 - Permitted Acquisitions.
Section 5-13B-5 - Required Application.
Section 5-13B-6 - Standards for Approval.
Section 5-13B-7 - Procedures Relating to Applications.
Section 5-13B-8 - Reports; Examinations.
Section 5-13B-9 - Agency Activities.
Section 5-13B-11 - Authority to Issue Regulations; Cooperative Agreements; Fees.