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2020 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 8A - Liquidation of Banks.
Article 2 - Insolvent Banks.
Section 5-8A-37 - Payment of Compensation.
Universal Citation: AL Code § 5-8A-37 (2020)
Section 5-8A-37
Payment of compensation.
When the compensation for the various parties aiding in the liquidation is fixed and approved, the same shall be paid out of the funds of such bank in the hands of the receiver and shall be a prior charge and lien on the assets of such bank.
(Acts 1980, No. 80-658, §5-8-37.)
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