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2022 Code of Alabama
Title 27 - Insurance.
Chapter 6 - Administration of Deposits.
Section 27-6-9 - Power of Attorney - Safekeeping; Return.
Universal Citation: AL Code § 27-6-9 (2022)
Section 27-6-9
Power of attorney - Safekeeping; return.
The power of attorney provided for in Section 27-6-7 shall be kept by the commissioner in a place of safekeeping and may be physically attached to the securities or assets described therein. Whenever such securities or assets, or any portion thereof, are returned to the insurer which deposited them, the power of attorney shall be returned to the insurer or to the trustee or other representative authorized for that purpose.
(Acts 1953, No. 727, p. 981, §3; Acts 1971, No. 407, p. 707, §105.)
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