Alabama § 27-41-16 - Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations.
Full text of Alabama Code of Alabama § 27-41-16 — Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations., with citation guidance and answers to common questions.
§ 27-41-16. Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations.
An insurer may invest in the preferred or guaranteed stocks or shares of any solvent corporation engaged in any lawful business and existing under the laws of the United States or any state thereof if the prior obligations of the issuing company or the guarantor, if any, would be eligible for investment under the provisions of Section 27-41-15 and if the company has continuously paid the dividends provided for by outstanding preferred stock, if any, during the five years preceding the acquisition of the investment.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-41-16
What does Code of Alabama § 27-41-16 cover?
Section 27-41-16 ("Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations.") 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 § 27-41-16?
A common citation format is "Code of Alabama § 27-41-16" (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 § 27-41-16 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.