Section 5-8A-21 Liquidation of Bank by Superintendent Without Assent of Banking Board.

The superintendent may take charge of and liquidate a bank’s affairs if a majority of the directors request it in writing and the bank has violated banking laws or is insolvent.

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Jurisdiction: United States — Alabama
Instrument: Act or statute
Version: Undated source snapshot
Language: en
Official source: View official record ↗

bank liquidation supervisory power

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Section 5-8A-21 Liquidation of Bank by Superintendent Without Assent of Banking Board.

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