Home/Alabama/Statutes/Title 27: Insurance/Ch. 2: Department and Commissioner of Insurance/Art. 2: Receivership Division/§ 27-2-51
Alabama Statutes

§ 27-2-51 — Bond of Chief

Alabama § 27-2-51
JurisdictionAlabama
Title 27Insurance
Ch. 2Department and Commissioner of Insurance
Art. 2Receivership Division

This text of Alabama § 27-2-51 (Bond of Chief) 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 § 27-2-51 (2026).

Text

The Chief of the Receivership Division shall make bond payable to the State of Alabama in the amount of $75,000.00, conditioned upon faithful performance of his duties, the premiums of which shall be borne by the state. In addition each receivership court may require adequate bond of said receiver if the court deems it necessary, the premiums of which shall be paid from funds of the receivership.

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Legislative History

(Acts 1975, No. 1039, p. 2083, §6.)

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Bluebook (online)
Alabama § 27-2-51, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-2-51.