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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-39 - Notice for and Filing of Claims Against Bank.
Universal Citation: AL Code § 5-8A-39 (2020)
Section 5-8A-39
Notice for and filing of claims against bank.
The receiver shall cause notice to be given by advertisement in such newspaper as he may direct, once a week for six consecutive weeks, calling all persons who may have claims, but not including deposits or certificates of deposit shown by the books of the bank which shall be a prima facie proven claim against the bank, against such bank to present the same to the receiver and make legal proof thereof at a place and within a time to be specified in the notice, not less than 90 days from the day of the first publication of the notice. The receiver shall mail a similar notice to all persons whose names appear as creditors upon the books of the bank.
(Acts 1980, No. 80-658, §5-8-39.)
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