Alabama § 27-43-7 Procedure for Incorporation of Legal Services Insurance Corporation Generally

Alabama Statutes

§ 27-43-7 — Procedure for Incorporation of Legal Services Insurance Corporation Generally

Alabama § 27-43-7

Title 27Insurance

Ch. 43Legal Expense Insurance

This text of Alabama § 27-43-7 (Procedure for Incorporation of Legal Services Insurance Corporation Generally) 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 § 27-43-7 (2026).

Text

(a)Any number of corporate or adult natural persons may organize a legal service insurance corporation under this section.

(b)The articles of incorporation shall conform to the requirements applicable to corporations, except that:

(1)The name of the corporation shall indicate that payment for legal services or indemnity for legal expenses is to be provided; and

(2)The purposes of the corporation shall be limited to payment for legal services or indemnity for legal expenses and business expenses reasonably related thereto.

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(a) Any number of corporate or adult natural persons may organize a legal service insurance corporation under this section.
(b) The articles of incorporation shall conform to the requirements applicable to corporations, except that:
(1) The name of the corporation shall indicate that payment for legal services or indemnity for legal expenses is to be provided; and
(2) The purposes of the corporation shall be limited to payment for legal services or indemnity for legal expenses and business expenses reasonably related thereto.