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.
Ala. Code § 5-13B-109
Limitations on Payment of Interest on Deposits.
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, §57.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.