Code of Alabama - Title 27: Insurance - Section 27-30-20 - Funds of association
Section 27-30-20 - Funds of association.
The funds of a mutual aid association shall be in cash or invested as provided by the laws of this state with respect to such associations and life insurers.
(Code 1940, T. 28, §253; Acts 1971, No. 407, p. 707, §576.)