Alabama § 5-9A-2 - Submission of Reorganization Plan to Court for Confirmation and Approval.
Full text of Alabama Code of Alabama § 5-9A-2 — Submission of Reorganization Plan to Court for Confirmation and Approval., with citation guidance and answers to common questions.
§ 5-9A-2. Submission of Reorganization Plan to Court for Confirmation and Approval.
After such plan for reorganization has been submitted to the board of directors of the bank so making such request for a reorganization, the directors of such bank by and with the consent of 75 percent in value of the stockholders and 75 percent in value of the common creditors are authorized and empowered to make a report of such plan to the circuit court of the county in which the principal business office of the bank is located, such report to be accompanied by a petition for its confirmation and approval.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-9A-2
What does Code of Alabama § 5-9A-2 cover?
Section 5-9A-2 ("Submission of Reorganization Plan to Court for Confirmation and Approval.") 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 § 5-9A-2?
A common citation format is "Code of Alabama § 5-9A-2" (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 § 5-9A-2 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.