Alabama Code 27-41-26. Particular investments – Shares or savings accounts of savings and loan associations
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Terms Used In Alabama Code 27-41-26
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
An insurer may invest in shares or savings accounts of savings and loan associations insured by the Federal Savings and Loan Insurance Corporation.