Section 27-27-61 Applicability of corporation statutes to domestic insurers. - Alabama Statutes

Section 27-27-61

Applicability of corporation statutes to domestic insurers.

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.

(Acts 1971, No. 407, p. 707, §498.)