Article

Insolvent Banks

Ala. Code § 5-8A-20— Proceedings of Superintendent Before Banking Board as to Defaults or Misconduct of Bank.
Ala. Code § 5-8A-21— Liquidation of Bank by Superintendent Without Assent of Banking Board.
Ala. Code § 5-8A-22— Institution of Civil Action for Vacation of Charter, Liquidation, Etc., of Bank.
Ala. Code § 5-8A-23— Acquisition of Possession of Property and Business of Bank by Superintendent; Notice to Holders of Bank Assets.
Ala. Code § 5-8A-24— Appointment of Receiver to Liquidate Bank.
Ala. Code § 5-8A-25— Passage of Title to Assets, Etc., of Banking Institution to Receiver.
Ala. Code § 5-8A-26— Use of Bank Examiner’s Reports as Evidence in Liquidation Proceedings, Etc.
Ala. Code § 5-8A-27— Application by Bank for Injunction Against Acquisition of Possession of Business and Property by Receiver or Superintendent.
Ala. Code § 5-8A-28— Creation of Liens Against Bank After Possession by Superintendent.
Ala. Code § 5-8A-29— Resumption of Business of Bank.
Ala. Code § 5-8A-30— Collection of Claims of Bank, Etc.
Ala. Code § 5-8A-31— Subrogation of Federal Deposit Insurance Corporation.
Ala. Code § 5-8A-32— Sale, Etc., of Bad Debts and Property of Bank.
Ala. Code § 5-8A-33— Negotiation of Loans, Granting of Security, Etc., on Behalf of Closed Bank.
Ala. Code § 5-8A-34— Loans from and Sale of Assets to Federal Deposit Insurance Corporation for Bank.
Ala. Code § 5-8A-35— Assumption or Rejection of Executory Contracts by Receiver.
Ala. Code § 5-8A-36— Employment of Counsel, Expert Assistants, Etc., in Liquidation of Bank; Compensation of Assistants, Etc.; Court Approval of Liquidation Expenses.
Ala. Code § 5-8A-37— Payment of Compensation.
Ala. Code § 5-8A-38— Deposit of Funds Collected by Receiver.
Ala. Code § 5-8A-39— Notice for and Filing of Claims Against Bank.
Ala. Code § 5-8A-40— Preferred Claims.
Ala. Code § 5-8A-41— Inventory of Assets of Bank; Filing List of Claims.
Ala. Code § 5-8A-42— Objections to Claims; Unproven or Unclaimed Deposits.
Ala. Code § 5-8A-43— Rejection of Claims.
Ala. Code § 5-8A-44— Actions Upon Rejected Claims; Late Claims.
Ala. Code § 5-8A-45— Payment of Dividends to Creditors.
Ala. Code § 5-8A-46— Final Distribution, Termination of Receivership and Dissolution of Bank.