Section 27-31A-13 Binding effect of orders issued in U.S. district court. - Alabama Statutes

Section 27-31A-13

Binding effect of orders issued in U.S. district court.

An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states, or in any territory or possession of the United States, upon a finding that the group is in hazardous financial or financially impaired condition shall be enforceable in the courts of the state.

(Acts 1993, No. 93-674, p. 1226, §13.)