2019 Code of Alabama
Title 27 - Insurance.
Chapter 34 - Fraternal Benefit Societies.
Section 27-34-10 - Articles of incorporation - Filing with other documents; bond; preliminary certificate.
Such articles of incorporation, duly certified copies of the constitution, laws, and rules, copies of all proposed forms of certificates, applications therefor, and circulars to be issued by the society and a bond conditioned upon the return to applicants of the advanced payments, if the organization is not completed within one year, shall be filed with the commissioner, who may require such further information as he deems necessary. The bond, with sureties, approved by the commissioner shall be in such amount, not less than $5,000.00 nor more than $25,000.00, as required by the commissioner. All documents filed are to be in the English language. If the purposes of the society conform to the requirements of this chapter and all provisions of the law have been complied with, the commissioner shall so certify, retain, and file the articles of incorporation and furnish the incorporators a preliminary certificate authorizing the society to solicit members as provided in this chapter.
(Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §681.)
