Alabama § 5-8A-28 Creation of Liens Against Bank After Possession by Superintendent

Alabama Statutes

§ 5-8A-28 — Creation of Liens Against Bank After Possession by Superintendent

Alabama § 5-8A-28

Title 5Banks and Financial Institutions

Ch. 8ALiquidation of Banks

Art. 2Insolvent Banks

This text of Alabama § 5-8A-28 (Creation of Liens Against Bank After Possession by Superintendent) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 5-8A-28 (2026).

Text

After the superintendent has taken possession of the property and business of a bank as provided in this chapter, no judgment lien, attachment lien, or any voluntary lien, except as provided in this chapter, shall attach to any assets of said bank nor shall the directors, officers, employees or agents of such bank have authority to act on behalf of said bank or to convey, transfer, assign, pledge, mortgage, or encumber any assets thereof.

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After the superintendent has taken possession of the property and business of a bank as provided in this chapter, no judgment lien, attachment lien, or any voluntary lien, except as provided in this chapter, shall attach to any assets of said bank nor shall the directors, officers, employees or agents of such bank have authority to act on behalf of said bank or to convey, transfer, assign, pledge, mortgage, or encumber any assets thereof.