§ 5-8A-29 — Resumption of Business of Bank

Alabama § 5-8A-29

• Jurisdiction: Alabama
• Title 5: Banks and Financial Institutions
• Ch. 8A: Liquidation of Banks
• Art. 2: Insolvent Banks

Text

After the superintendent has taken possession of a bank, the superintendent may permit such bank to resume business upon such conditions as may be approved by him, including an observance of all the requirements of law and making good of all deficits in the previous observance of law.

Legislative History

(Acts 1980, No. 80-658, §5-8-29.)