There is a newer version
of
this Section
2019 Code of Alabama
Title 27 - Insurance.
Chapter 34 - Fraternal Benefit Societies.
Section 27-34-11 - Preliminary certificate - Time to complete organization.
Universal Citation: AL Code § 27-34-11 (2019)
Section 27-34-11Preliminary certificate - Time to complete organization.
No preliminary certificate granted under the provisions of this section shall be valid after one year from its date or after such further period, not exceeding one year, as may be authorized by the commissioner upon cause shown, unless the 500 applicants required in this chapter have been secured and the organization has been completed as provided in this chapter. The articles of incorporation and all other proceedings thereunder shall become null and void in one year from the date of the preliminary certificate, or at the expiration of the extended period, unless the society shall have completed its organization and received a certificate of authority to do business as provided in this chapter.
(Acts 1911, No. 476, p. 700; Acts 1971, No. 407, p. 707, §682.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
