Alabama § 5-8A-44 Actions Upon Rejected Claims; Late Claims

Alabama Statutes

§ 5-8A-44 — Actions Upon Rejected Claims; Late Claims

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

Any action upon a claim so rejected must be brought by filing a complaint in the receivership court by the claimant within six months after service of such notice or the same shall be barred. Claims presented and allowed after the expiration of the time fixed in the notice to creditors shall be entitled to share in the distribution only to the extent of the assets in the hands of the receiver at the time such claims are filed, without allowance for previous distribution.

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Any action upon a claim so rejected must be brought by filing a complaint in the receivership court by the claimant within six months after service of such notice or the same shall be barred. Claims presented and allowed after the expiration of the time fixed in the notice to creditors shall be entitled to share in the distribution only to the extent of the assets in the hands of the receiver at the time such claims are filed, without allowance for previous distribution.

Alabama § 5-8A-44 (Actions Upon Rejected Claims; Late Claims) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.