Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/27-6-8.htm |
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Depth: | 0 singles |
Size: | 965 bytes |
Modified: | 1999-04-19 13:59:46 |
Categories: | -None- |
Title: | 27-6-8 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 27-6-8 Securities and assets - Authority to sell; exception. The commissioner shall exercise the power granted by the power of attorney provided for in Section 27-6-7 or otherwise sell any security or asset under any assignment, transfer or conveyance pursuant to Section 27-6-6, only pursuant to, and in accordance with, an order of a court of competent jurisdiction in a proper proceeding or action to which the insurer owning such securities or assets is a party. This section shall not apply as to the special deposits of surety insurers which are subject to Section 27-6-13. (Acts 1953, No. 727, p. 981, §2; Acts 1971, No. 407, p. 707, §104.) |