Section 5-9A-2 Submission of Reorganization Plan to Court for Confirmation and Approval.
If a reorganization plan has been submitted to the bank’s board, the bank’s directors may report the plan to the county circuit court and file a petition asking for confirmation and approval, but only with the required stockholder and common creditor consent.
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- en
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Section 5-9A-2 Submission of Reorganization Plan to Court for Confirmation and Approval.
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