Alabama Statutes

§ 6-6-793 — Stay; Injunction

Alabama·Title 6 Civil Practice·Ch. 6 Remedies·Art. 18 Alabama Uniform Commercial Real Estate Receivership Act
(a)Except as otherwise provided in subsection (d) or ordered by the court, upon the earlier of:
(i)recording of the receivership order pursuant to Section 6-6-791(c)(3); or (ii) receipt of actual knowledge of the appointment of a receiver, an order appointing a receiver operates as a stay, applicable to all persons, of an act, action, or proceeding:
(1)To obtain possession of, exercise control over, or enforce a judgment against receivership property; and
(2)To enforce a lien against receivership property to the extent the lien secures a claim against the owner which arose before entry of the order.
(b)Except as otherwise provided in subsection (d), the court may enjoin an act, action, or proceeding against or relating to receivership property if the injunction is necessary to protect

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Legislative History

(Act 2024-380, §14.)

Nearby Sections

15
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