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Alabama · Through Act 2026-611

Ala. Code § 5-3A-32: Definitions.

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Where this section sits in the code
  1. Title 5 Banks and Financial Institutions.
  2. Chapter 3A Examinations of Banks; Reports of Banks.
  3. Article 2 Examination of Bank Services Providers Act.

For the purposes of this article, the following terms shall have the following meanings:

(1) SERVICE PROVIDER. Any person, company, corporation, or other legal entity that provides a covered service listed in Section 5-3A-33 to a serviced bank.

(2) SERVICED BANK. Every bank, bank holding company, bank service company, or any subsidiary or affiliate of a bank that is subject to the supervision of the superintendent pursuant to Section 5-3A-1, and for which covered services are performed by a service provider.

Collected 2026-09-03T14:01:53Z. Source file · JSON

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