(a) A foreign bank which is licensed to establish and maintain an Alabama state branch, Alabama state agency, or Alabama representative office shall file with the superintendent an instrument irrevocably appointing the superintendent and his or her successors in office to be such foreign bank's agent, representative, and attorney to receive service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in this state after such appointment has been filed, with the same force and validity as if served directly on the foreign bank or its successor, as the case may be. Such appointment shall be in such form and contain such information as the superintendent may require by regulation or order.
(b) Any foreign bank which establishes an Alabama state branch, Alabama state agency, or Alabama representative office and which has not filed with the superintendent an instrument pursuant to subsection (a) shall be deemed by the establishment of such office to have appointed the superintendent as its agent, representative, and attorney to receive service of any lawful process in any judicial or administrative proceeding against the foreign bank or any of its successors which arises out of the foreign bank's activities in this state, with the same force and validity as if served directly on the foreign bank or its successor, as the case may be.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 13B - Interstate and International Bank Acquisitions, Mergers and Branching.
Article 3 - Regulation of Foreign Banks.
Division 3 - Direct Branch, Agency, and Representative Offices of Foreign Banks.
Section 5-13B-81 - Branches and Agencies of Foreign Banks - Necessity of Licensure.
Section 5-13B-82 - Application to Establish and Maintain a Branch or Agency - Contents.
Section 5-13B-84 - Application Fee.
Section 5-13B-85 - No Concurrent Maintenance of Federal Branches or Agencies.
Section 5-13B-86 - Powers of Branch and Agency.
Section 5-13B-87 - Fiduciary Activities.
Section 5-13B-88 - Authority to Act as Agent.
Section 5-13B-89 - Representative Office of Foreign Banks - Necessity of Licensure.
Section 5-13B-90 - Representative Office - Application.
Section 5-13B-91 - Representative Office - Factors for Approval of Application.
Section 5-13B-92 - Representative Office - Permissible Activities.
Section 5-13B-93 - Representative Office - Revocation of License.
Section 5-13B-94 - Posting of License.
Section 5-13B-95 - Licenses Not Transferable.
Section 5-13B-96 - Appointment of Superintendent as Agent for Service of Process.
Section 5-13B-97 - Service of Process.
Section 5-13B-98 - Filing of Amendments to Articles of Incorporation.
Section 5-13B-99 - Amended License to Establish and Maintain a Branch or Agency.
Section 5-13B-100 - Change of Control of Foreign Bank.
Section 5-13B-101 - Relocation of Office; Written Notice Necessary.
Section 5-13B-102 - Examination; Payment of Fees.
Section 5-13B-103 - Supervision and Enforcement.
Section 5-13B-105 - Confidentiality of Examination Reports.
Section 5-13B-106 - Books, Accounts, and Records.
Section 5-13B-107 - Separate Assets.
Section 5-13B-108 - Disclosure of Lack of Deposit Insurance.
Section 5-13B-109 - Limitations on Payment of Interest on Deposits.
Section 5-13B-110 - Pledge of Assets.
Section 5-13B-111 - Asset Maintenance.
Section 5-13B-112 - Voluntary Closure of Branch, Agency, or Representative Office - Application.
Section 5-13B-113 - Suspension or Revocation of License; Factors.
Section 5-13B-114 - Immediate Suspension or Revocation.
Section 5-13B-115 - Seizure of Foreign Bank's Property and Business; Liquidation.