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93 chapters · 1,453 sections in this title.
Ala. Code § 27-28-1 Plan for Exchange of Stock, Etc., Between Domestic Stock Insurer and Holding Company - Authority
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A domestic stock insurance company, hereinafter referred to in this chapter as “domestic company,” may cause a corporation to be organized under the laws of this state or any other state of the United States of America to act as a holding company, hereinafter referred to in this …
Ala. Code § 27-28-2 Plan for Exchange of Stock, Etc., Between Domestic Stock Insurer and Holding Company - Procedure for Exchange
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A plan of exchange shall be adopted and become effective in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of directors of each corporate party to the plan of exchange by resolution shall adopt the plan of exchange which shall set forth the terms and …
Ala. Code § 27-28-3 Plan for Exchange of Stock, Etc., Between Domestic Stock Insurer and Holding Company - Fees, Etc., for Promotion of Plan
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No director, officer, agent, or employee of any corporation which is a party to the plan of exchange, except as is expressly provided by the plan filed with the commissioner, shall receive any fee, commission, other compensation, or valuable consideration whatever for in any mann…
Effect of Chapter on Powers of Commissioner and Authority to Engage in Insurance Business
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Nothing contained in this chapter shall affect the power of the commissioner to regulate, supervise, and control insurance companies pursuant to the laws of the State of Alabama governing such companies, nor shall anything in this chapter be construed to authorize any insurance c…