Section 5-8A-28 Creation of liens against bank after possession by superintendent. - Alabama Statutes

Section 5-8A-28

Creation of liens against bank after possession by superintendent.

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.

(Acts 1980, No. 80-658, §5-8-28.)