Alabama § 27-35-3 Conversion into Stock or Mutual Life Insurance Company - Notice to Subordinate Lodges or Branches

Alabama Statutes

§ 27-35-3 — Conversion into Stock or Mutual Life Insurance Company - Notice to Subordinate Lodges or Branches

Alabama § 27-35-3

Title 27Insurance

Ch. 35Conversion of Fraternal Benefit Societies

This text of Alabama § 27-35-3 (Conversion into Stock or Mutual Life Insurance Company - Notice to Subordinate Lodges or Branches) 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 § 27-35-3 (2026).

Text

After the plan of conversion has been approved by the commissioner, the society shall mail notice by registered or certified mail to all of its subordinate lodges or branches, by whatever name called, stating that a proposal will be made at a meeting of the supreme governing or legislative body of the society, to be held at least 90 days after the mailing of the notice, to convert the society into a stock or mutual life insurer and enclosing a copy of the proposed plan of conversion.

Free access — add to your briefcase to read the full text and ask questions with AI

After the plan of conversion has been approved by the commissioner, the society shall mail notice by registered or certified mail to all of its subordinate lodges or branches, by whatever name called, stating that a proposal will be made at a meeting of the supreme governing or legislative body of the society, to be held at least 90 days after the mailing of the notice, to convert the society into a stock or mutual life insurer and enclosing a copy of the proposed plan of conversion.