2020 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 9A - Reorganization of Banks.
Section 5-9A-4 - Hearing Upon Plan; Entry of Judgment.
Section 5-9A-4
Hearing upon plan; entry of judgment.
At the time of the hearing of the petition, the court shall hear such legal evidence as may be submitted for and against such petition and plan for reorganization, and if the court is of the opinion it is for the best interest of all parties interested in such bank that the bank be reorganized in accordance with the plan set forth and submitted or in accordance with any modification of such plan determined upon by the court, such court shall so adjudge and enter a judgment fixing the rights of the parties in interest and adjudging that said plan or modification thereof be adopted and confirmed and that said bank be reorganized under and in conformity with such plan or modification thereof.
(Acts 1980, No. 80-658, §5-9-4.)
