Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-8A-37 - Payment of compensation

Section 5-8A-37 - Payment of compensation.

When the compensation for the various parties aiding in the liquidation is fixed and approved, the same shall be paid out of the funds of such bank in the hands of the receiver and shall be a prior charge and lien on the assets of such bank.

(Acts 1980, No. 80-658, §5-8-37.)

Last modified: May 3, 2021