Alabama § 5-13B-8 - Reports; Examinations.
Full text of Alabama Code of Alabama § 5-13B-8 — Reports; Examinations., with citation guidance and answers to common questions.
§ 5-13B-8. Reports; Examinations.
(a) To the extent specified by the superintendent by regulation, order, or written request, each bank holding company that directly or indirectly controls an Alabama state bank or an Alabama bank holding company, or the home state regulator of such company, shall submit to the superintendent:
(1) One or more copies of each financial report filed by such company with any bank supervisory agency, except for any report the disclosure of which would be prohibited by applicable federal or state law, within 15 days after the filing thereof with such agency; and
(2) An annual report, not later than April 15 of each year for each bank and branch in the state controlled by the bank holding company containing the following information:
a. The location;
b. The amount of deposits held as of the end of the preceding calendar year; and
c. The amount of loans made during the preceding calendar year to individuals and entities with addresses in this state.
(b) At the request of the superintendent, to the extent permitted by applicable state or federal law, each bank holding company that controls an Alabama state bank or an Alabama bank holding company, or the home state regulator of such bank or company, shall provide to the superintendent copies of the reports of examination of the company or any Alabama state bank or Alabama bank holding company.
(c) The superintendent may examine an Alabama bank holding company whenever the superintendent has reason to believe that the company is not being operated in compliance with the laws of this state or in accordance with safe and sound banking practices.
Frequently Asked Questions About Alabama § 5-13B-8
What does Code of Alabama § 5-13B-8 cover?
Section 5-13B-8 ("Reports; Examinations.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-13B-8?
A common citation format is "Code of Alabama § 5-13B-8" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-13B-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.