Insolvent Banks.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. Liquidation of Banks.
  5. Insolvent Banks.

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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.