Section 27-35-4 Conversion into stock or mutual life insurance company - Ratification or amendment of articles of incorporation - Generally. - Alabama Statutes

Section 27-35-4

Conversion into stock or mutual life insurance company - Ratification or amendment of articles of incorporation - Generally.

Pursuant to the notice provided for in Section 27-35-3, the supreme governing or legislative body shall adopt a resolution authorizing the conversion of the society into a stock or mutual insurer, as the case may be, and shall ratify articles of incorporation, if the society is then unincorporated, or amend the society's articles of incorporation if it is then incorporated, to comply with the requirements of this title.

(Acts 1927, No. 537, p. 624; Acts 1971, No. 407, p. 707, §730.)