Federal and State Laws
Code of Alabama
Title 5 - Banks and Financial Institutions
> Code of Alabama Title 5, Chapter 9a - Reorganization of Banks
Code of Alabama Title 5, Chapter 9a - Reorganization of Banks
Section 5-9a-1 - Cooperation of Superintendent in Reorganization of Bank.
Whenever the board of directors or a majority of the stockholders of any bank shall request the superintendent to cooperate in a reorganization of such...
Section 5-9a-2 - Submission of Reorganization Plan to Court for Confirmation and Approval.
After such plan for reorganization has been submitted to the board of directors of the bank so making such request for a reorganization, the directors...
Section 5-9a-3 - Publication of Reorganization Plan.
Upon the filing of such report and petition, the court shall order notice to be given to all parties in interest by publication in some...
Section 5-9a-4 - Hearing Upon Plan; Entry of Judgment.
At the time of the hearing of the petition, the court shall hear such legal evidence as may be submitted for and against such petition...
Section 5-9a-5 - Appeals.
If any stockholder, depositor or creditor shall not be satisfied with such judgment, he may file a notice of appeal to the Supreme Court of...
Section 5-9a-6 - Manner of Reorganization Not Exclusive.
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...
Last modified: November 15, 2016