Alabama § 5-8A-45 - Payment of Dividends to Creditors.
Full text of Alabama Code of Alabama § 5-8A-45 — Payment of Dividends to Creditors., with citation guidance and answers to common questions.
§ 5-8A-45. Payment of Dividends to Creditors.
At any time after the expiration of the date fixed for the presentation of claims, the receiver may, out of the funds remaining in his hands after the payment of expenses, declare and pay one or more dividends to creditors, and after the expiration of one year from the first publication of notice to the creditors to present claims, he may declare and pay a final dividend, such dividend to be paid to such persons and in such amounts and upon such notice as may be directed by the receivership court.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-8A-45
What does Code of Alabama § 5-8A-45 cover?
Section 5-8A-45 ("Payment of Dividends to Creditors.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-8A-45?
A common citation format is "Code of Alabama § 5-8A-45" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-8A-45 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.