Alabama § 2-2-71 - Substitution of Bond Equivalent; Forms.
Full text of Alabama Code of Alabama § 2-2-71 — Substitution of Bond Equivalent; Forms., with citation guidance and answers to common questions.
§ 2-2-71. Substitution of Bond Equivalent; Forms.
(a) Whenever there is a requirement under law to obtain any permit or license issued by the Commissioner of Agriculture and Industries, the Board of Agriculture and Industries or the Department of Agriculture and Industries that the permittee or licensee be bonded, the licensee or permittee may substitute in lieu of the bond a bond equivalent.
(b) The bond equivalent shall be in the form of a trust fund agreement based upon cash, fully negotiable bonds of the U.S. Government or of the State of Alabama, or an irrevocable letter of credit.
(c) The Commissioner of Agriculture and Industries shall furnish all necessary forms to be used for the issuance of the bond or bond equivalent.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 2-2-71
What does Code of Alabama § 2-2-71 cover?
Section 2-2-71 ("Substitution of Bond Equivalent; Forms.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 2-2-71?
A common citation format is "Code of Alabama § 2-2-71" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 2-2-71 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.