Alabama § 27-6-9 Power of Attorney - Safekeeping; Return

Alabama Statutes

§ 27-6-9 — Power of Attorney - Safekeeping; Return

Alabama § 27-6-9

Title 27Insurance

Ch. 6Administration of Deposits

This text of Alabama § 27-6-9 (Power of Attorney - Safekeeping; Return) 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 § 27-6-9 (2026).

Text

The power of attorney provided for in Section 27-6-7 shall be kept by the commissioner in a place of safekeeping and may be physically attached to the securities or assets described therein. Whenever such securities or assets, or any portion thereof, are returned to the insurer which deposited them, the power of attorney shall be returned to the insurer or to the trustee or other representative authorized for that purpose.

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The power of attorney provided for in Section 27-6-7 shall be kept by the commissioner in a place of safekeeping and may be physically attached to the securities or assets described therein. Whenever such securities or assets, or any portion thereof, are returned to the insurer which deposited them, the power of attorney shall be returned to the insurer or to the trustee or other representative authorized for that purpose.