Alabama § 27-35-10 - Conversion into Stock or Mutual Life Insurance Company - Obligation to Holders of Policies or Certificates; Pending Actions.
Full text of Alabama Code of Alabama § 27-35-10 — Conversion into Stock or Mutual Life Insurance Company - Obligation to Holders of Policies or Certificates; Pending Actions., with citation guidance and answers to common questions.
§ 27-35-10. Conversion into Stock or Mutual Life Insurance Company - Obligation to Holders of Policies or Certificates; Pending Actions.
(a) The reorganized and converted corporation shall be obligated to carry out and perform all of the obligations of every kind and character owing by the former fraternal benefit society to the holders of its policies or beneficial certificates, and the same may be enforced against it to the same extent as if the policies and beneficial certificates had been issued by it after such conversion.
(b) Any pending actions wherein the former fraternal benefit society was a party shall be unaffected by the conversion thereof and shall be prosecuted by or against such reorganized and converted corporation the same as if the conversion had not taken place.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-35-10
What does Code of Alabama § 27-35-10 cover?
Section 27-35-10 ("Conversion into Stock or Mutual Life Insurance Company - Obligation to Holders of Policies or Certificates; Pending Actions.") 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 § 27-35-10?
A common citation format is "Code of Alabama § 27-35-10" (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 § 27-35-10 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.