Alabama § 2-10-33 Bond Required of Person Placed in Charge of Association

Alabama Statutes

§ 2-10-33 — Bond Required of Person Placed in Charge of Association

Alabama § 2-10-33

Title 2Agriculture

Ch. 10Cooperatives and Associations

Art. 2Marketing Associations Generally

This text of Alabama § 2-10-33 (Bond Required of Person Placed in Charge of Association) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 2-10-33 (2026).

Text

Whenever the State Board of Agriculture and Industries shall place an association in the charge or control of a person, as provided in Section 2-10-32, such person shall be bonded by a bonding company in such amount and under such conditions as shall be fixed by the board to faithfully comply with the duties imposed in this article. Said bond shall be filed with and approved by the commissioner. Such agent shall have full authority to handle the property and affairs of said association as ordered by the board.

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Whenever the State Board of Agriculture and Industries shall place an association in the charge or control of a person, as provided in Section 2-10-32, such person shall be bonded by a bonding company in such amount and under such conditions as shall be fixed by the board to faithfully comply with the duties imposed in this article. Said bond shall be filed with and approved by the commissioner. Such agent shall have full authority to handle the property and affairs of said association as ordered by the board.