Statutes > Alabama Statutes > Title 5 — BANKS AND FINANCIAL INSTITUTIONS. > Chapter 11A — REGULATION OF TRUST BUSINESS OF BANKS AND TRUST COMPANIES. > Section 5-11A-31 Approval of superintendent.

Section 5-11A-31 Approval of superintendent.

Section 5-11A-31

Approval of superintendent.

Approval of the superintendent shall be deemed granted in the absence of written objection from the superintendent within 10 days after receipt by the superintendent of written notice from the transferor bank of the proposed transfer.

(Acts 1989, No. 89-539, p. 1127, §2.)