Section 27-34-38 Annual statements - Failure to file. - Alabama Statutes

Section 27-34-38

Annual statements - Failure to file.

A society neglecting to file the annual statement in the form and within the time provided by this chapter shall forfeit $100.00 for each day during which such neglect continues; and, upon notice by the commissioner to that effect, its authority to do business in this state shall cease while such default continues.

(Acts 1971, No. 407, p. 707, §710.)