Alabama § 27-41-16 Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations

Alabama Statutes

§ 27-41-16 — Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations

Alabama § 27-41-16

Title 27Insurance

Ch. 41Investments of Domestic Insurers and Health Maintenance Organizations

This text of Alabama § 27-41-16 (Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations) 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 § 27-41-16 (2026).

Text

An insurer may invest in the preferred or guaranteed stocks or shares of any solvent corporation engaged in any lawful business and existing under the laws of the United States or any state thereof if the prior obligations of the issuing company or the guarantor, if any, would be eligible for investment under the provisions of Section 27-41-15 and if the company has continuously paid the dividends provided for by outstanding preferred stock, if any, during the five years preceding the acquisition of the investment.

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

An insurer may invest in the preferred or guaranteed stocks or shares of any solvent corporation engaged in any lawful business and existing under the laws of the United States or any state thereof if the prior obligations of the issuing company or the guarantor, if any, would be eligible for investment under the provisions of Section 27-41-15 and if the company has continuously paid the dividends provided for by outstanding preferred stock, if any, during the five years preceding the acquisition of the investment.