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·Title 27 Insurance·Ch. 43 Legal Expense Insurance

(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.

Alabama § 27-43-7 (Procedure for Incorporation of Legal Services Insurance Corporation Generally) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.