Code of Alabama - Title 27: Insurance - Chapter 28 - Holding Companies

• Section 27-28-1 Plan for exchange of stock, etc., between domestic stock insurer and holding company - Authority
  A domestic stock insurance company, hereinafter referred to in this chapter as "domestic company," may cause a corporation to be organized under the laws of...
• Section 27-28-2 Plan for exchange of stock, etc., between domestic stock insurer and holding company - Procedure for exchange
  A plan of exchange shall be adopted and become effective in the following manner: (1) APPROVAL OF THE BOARDS OF DIRECTORS. - The boards of...
• Section 27-28-3 Plan for exchange of stock, etc., between domestic stock insurer and holding company - Fees, etc., for promotion of plan
  No director, officer, agent, or employee of any corporation which is a party to the plan of exchange, except as is expressly provided by the...
• Section 27-28-4 Effect of chapter on powers of commissioner and authority to engage in insurance business
  Nothing contained in this chapter shall affect the power of the commissioner to regulate, supervise, and control insurance companies pursuant to the laws of the...
• Section 27-28-5 Applicability of Alabama Business Corporation Act
  This chapter shall be supplemental to, and construed with, the provisions of the Alabama Business Corporation Act, as amended, but in the event there exists...

Last modified: May 3, 2021