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Ala. Code § 27-27-61

Applicability of Corporation Statutes to Domestic Insurers.

(Acts 1971, No. 407, p. 707, §498.)

The applicable statutes of this state relating to the powers and procedures of domestic private corporations formed for profit shall apply to domestic stock insurers and to domestic mutual insurers, except where in conflict with the express provisions of this title and the reasonable implications of such provisions.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.