The plan for reorganization of a bank or banks as provided in this chapter shall not be exclusive and shall not be construed to prohibit or prevent a reorganization of a bank as now permitted under existing laws.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 9A - Reorganization of Banks.
Section 5-9A-1 - Cooperation of Superintendent in Reorganization of Bank.
Section 5-9A-2 - Submission of Reorganization Plan to Court for Confirmation and Approval.
Section 5-9A-3 - Publication of Reorganization Plan.