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AL SB165
Bill
AI Summary
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Amends Section 27-39-3 of the Alabama Code to allow limited liability companies to be licensed as automobile clubs in the state, in addition to corporations.
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Current law requires automobile clubs to be organized as domestic or foreign corporations; this bill expands that requirement to include limited liability companies.
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Automobile clubs and associations must be organized as a domestic or foreign corporation or limited liability company and obtain a license from the commissioner to conduct business in the state.
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The act becomes effective 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
Read for the first time and referred to the Senate committee on Judiciary
2/7/2012