Liquidation - Qualification of Receivers

Ala. Code § 10A-3-7.12 — under Title 10A.

Ala. Code § 10A-3-7.12

A receiver shall be a natural person, a partnership, a professional association, a professional corporation, or a business corporation authorized to act as receiver, which corporation may be a domestic corporation or a foreign corporation

authorized to transact business in Alabama, and shall in all cases give bond as the court may direct with the sureties the court may require.

History: (Acts 1984, No. 84-290, p. 502, §59; §10-3A-151; amended and renumbered by Act 2009-513, p. 967, §192.)