Ala. Code § 27-43-7

Procedure for Incorporation of Legal Services Insurance Corporation Generally.

Known as the Legal Expense Insurance Act

The act spans §§ 27–27 (23 sections).

(Acts 1981, No. 81-719, p. 1214, §1.)

(a) Any number of corporate or adult natural persons may organize a legal service insurance corporation under this section.

(b) The articles of incorporation shall conform to the requirements applicable to corporations, except that:

(1) The name of the corporation shall indicate that payment for legal services or indemnity for legal expenses is to be provided; and

(2) The purposes of the corporation shall be limited to payment for legal services or indemnity for legal expenses and business expenses reasonably related thereto.

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