Ala. Code § 5-3A-32

Current with legislation from 2024 effective through May 17, 2024.

Section 5-3A-32 - Definitions

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.

Ala. Code § 5-3A-32 (1975)

Added by Act 2018-500,§ 2, eff. 4/4/2018.