Alabama § 27-32-12 - Orders - Liquidation - Domestic Insurers.
Full text of Alabama Code of Alabama § 27-32-12 — Orders - Liquidation - Domestic Insurers., with citation guidance and answers to common questions.
§ 27-32-12. Orders - Liquidation - Domestic Insurers.
(a) An order to liquidate the business of a domestic insurer shall direct the commissioner forthwith to take possession of the property of the insurer, to liquidate its business, to deal with the insurer’s property and business in his own name as Commissioner of Insurance or in the name of the insurer as the court may direct and to give notice to all creditors who may have claims against the insurer to present such claims.
(b) The commissioner may apply for and secure an order dissolving the corporate existence of a domestic insurer upon his application for an order of liquidation of such insurer or at any time after such order has been granted.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-32-12
What does Code of Alabama § 27-32-12 cover?
Section 27-32-12 ("Orders - Liquidation - Domestic Insurers.") 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 § 27-32-12?
A common citation format is "Code of Alabama § 27-32-12" (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 § 27-32-12 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.