Alabama § 27-6-8 - Securities and Assets - Authority to Sell; Exception.
Full text of Alabama Code of Alabama § 27-6-8 — Securities and Assets - Authority to Sell; Exception., with citation guidance and answers to common questions.
§ 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.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-6-8
What does Code of Alabama § 27-6-8 cover?
Section 27-6-8 ("Securities and Assets - Authority to Sell; Exception.") 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 § 27-6-8?
A common citation format is "Code of Alabama § 27-6-8" (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 § 27-6-8 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.