Code of Alabama
Article 2 - Insolvent Banks.
Section 5-8A-38 - Deposit of Funds Collected by Receiver.

Code of Alabama

Title 5 - Banks and Financial Institutions.

Chapter 8A - Liquidation of Banks.

Article 2 - Insolvent Banks.

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.