2015 Code of Alabama
Title 5 - BANKS AND FINANCIAL INSTITUTIONS.
Chapter 16 - SAVINGS AND LOAN ASSOCIATIONS.
Section 5-16-34 - Voluntary liquidation - Certification and transmittal of unclaimed funds to State Treasurer.
The Savings and Loan Commissioner shall certify to the Treasurer of the state a complete list of funds remaining in his hands uncalled for which have been left in his hands in his official capacity in trust for creditors and investors in liquidated savings and loan associations from which they were received after they had been held by him for three years from the date of his having received the funds from the liquidating agent or receiver of the institution. Along with this certificate, he shall transmit to the Treasurer of the state the funds which he has so held in trust for three years. A copy of such certificate shall also be filed with the Comptroller, who shall make a record thereof.
(Acts 1939, No. 459, p. 616; Code 1940, T. 5, §240.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
