Section 27-35-1 - Conversion into stock or mutual life insurance company - Authority; how effected.

AL Code § 27-35-1 (2019) (N/A)
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Any fraternal benefit society organized under the laws of this state may convert itself into a stock life insurance company or a mutual life insurance company, which may be a continuation of such society under an amended charter, if such society is then incorporated, or a new corporation formed for such purpose if such society is then unincorporated. In either event, the conversion of such society into a stock life insurance company or a mutual life insurance company shall be effected as provided in this chapter.