Each foreign bank which is licensed to establish and maintain an Alabama state branch or Alabama state agency shall, in a manner established by the superintendent by regulation or order, give notice that deposits and credit balances in such office are not insured by the Federal Deposit Insurance Corporation.
Ala. Code § 5-13B-108
Disclosure of Lack of Deposit Insurance.
Known as the Alabama Interstate and International Banking Act
The act spans §§ 5-13B-1 to 5-13B-99 (65 sections).
(Acts 1995, No. 95-115, p. 134, §56.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.