Preference of certain creditors in case of insolvency of bank

Alabama Constitution (January 1901)

Ala. Const. art XIII, s 250 - 250
Permanent Link: http://vlex.com/vid/299199

Id. vLex: VLEX-299199

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Text:

Holders of bank notes, and depositors who have not stipulated for interest, shall, for such notes and deposits, be entitled in case of insolvency, to preference of payment over all other creditors; provided, this section shall apply to all banks, whether incorporated or not.

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