Section 5-8A-23 Acquisition of Possession of Property and Business of Bank by Superintendent; Notice to Holders of Bank Assets.
The superintendent may take possession of a bank’s property and business only if written request or direction is made by the bank’s directors or the Banking Board, and must then notify specified banks and asset holders.
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- Jurisdiction
- United States — Alabama
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- Notice
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- Language
- en
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bank receivership notice to asset holders
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Section 5-8A-23 Acquisition of Possession of Property and Business of Bank by Superintendent; Notice to Holders of Bank Assets.
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