No corporation or insurer having signed any such official bond or undertaking shall be permitted to deny its corporate or other power to execute such instrument or incur such liability in any proceedings to enforce liability against the insurer thereunder.
Ala. Code § 27-24-7
Estoppel of Insurer to Deny Its Power, Etc.
(Code 1940, T. 41, §105; Acts 1971, No. 407, p. 707, §492.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.