Section 5-8A-31 Subrogation of Federal Deposit Insurance Corporation.
If a closed bank’s insured deposit liabilities are paid or made available for payment, the FDIC is subrogated to the depositors’ rights against the bank, subject to state-law rules for depositors and other creditors.
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- Jurisdiction
- United States — Alabama
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Citation provenance: source:global:stored-legal-sources · schema StatuteEnrichmentPublicV1.
banking deposit insurance subrogation
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Section 5-8A-31 Subrogation of Federal Deposit Insurance Corporation.
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