There Is a Newer Version of the Code of Alabama
2013 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 8A - LIQUIDATION OF BANKS.
Article 1 Solvent Banks.Article 2 Insolvent Banks.- Section 5-8A-20 - Proceedings of superintendent before banking board as to defaults or misconduct of bank.
- Section 5-8A-21 - Liquidation of bank by superintendent without assent of Banking Board.
- Section 5-8A-22 - Institution of civil action for vacation of charter, liquidation, etc., of bank.
- Section 5-8A-23 - Acquisition of possession of property and business of bank by superintendent; notice to holders of bank assets.
- Section 5-8A-24 - Appointment of receiver to liquidate bank.
- Section 5-8A-25 - Passage of title to assets, etc., of banking institution to receiver.
- Section 5-8A-26 - Use of bank examiner's reports as evidence in liquidation proceedings, etc.
- Section 5-8A-27 - Application by bank for injunction against acquisition of possession of business and property by receiver or superintendent.
- Section 5-8A-28 - Creation of liens against bank after possession by superintendent.
- Section 5-8A-29 - Resumption of business of bank.
- Section 5-8A-30 - Collection of claims of bank, etc.
- Section 5-8A-31 - Subrogation of Federal Deposit Insurance Corporation.
- Section 5-8A-32 - Sale, etc., of bad debts and property of bank.
- Section 5-8A-33 - Negotiation of loans, granting of security, etc., on behalf of closed bank.
- Section 5-8A-34 - Loans from and sale of assets to Federal Deposit Insurance Corporation for bank.
- Section 5-8A-35 - Assumption or rejection of executory contracts by receiver.
- Section 5-8A-36 - Employment of counsel, expert assistants, etc., in liquidation of bank; compensation of assistants, etc.; court approval of liquidation expenses.
- Section 5-8A-37 - Payment of compensation.
- Section 5-8A-38 - Deposit of funds collected by receiver.
- Section 5-8A-39 - Notice for and filing of claims against bank.
- Section 5-8A-40 - Preferred claims.
- Section 5-8A-41 - Inventory of assets of bank; filing list of claims.
- Section 5-8A-42 - Objections to claims; unproven or unclaimed deposits.
- Section 5-8A-43 - Rejection of claims.
- Section 5-8A-44 - Actions upon rejected claims; late claims.
- Section 5-8A-45 - Payment of dividends to creditors.
- Section 5-8A-46 - Final distribution, termination of receivership and dissolution of bank.
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