Loading chat...
AL HB24
Bill
Status
3/1/2012
Primary Sponsor
April Weaver
Click for details
AI Summary
-
Amends Section 27-39-3 of the Code of Alabama 1975 to permit limited liability companies to be licensed as automobile clubs in Alabama.
-
Currently, only domestic or foreign corporations organized as automobile clubs may be licensed to operate in the state; this change expands eligible business structures.
-
Requires all automobile clubs and associations doing business in the state to be organized as either a domestic or foreign corporation or limited liability company and obtain a license from the commissioner.
-
Takes effect immediately upon passage and approval by the Governor, or upon otherwise becoming law.
Legislative Description
Automobile clubs, licensure by Insurance Department, limited liability companies authorized to be licensed, Sec. 27-39-3 am'd.
Insurance
Last Action
Pending third reading on day 18 Favorable from Judiciary
4/5/2012