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Alabama · Through Act 2026-611

Ala. Code § 5-8A-28: Creation of Liens Against Bank After Possession by Superintendent.

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Where this section sits in the code
  1. Title 5 Banks and Financial Institutions.
  2. Chapter 8A Liquidation of Banks.
  3. Article 2 Insolvent Banks.

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.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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