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AL SB78
Bill
Status
2/7/2012
Primary Sponsor
Thomas Whatley
Click for details
AI Summary
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Amends Section 27-39-3 of the Code of Alabama 1975 to permit limited liability companies to operate as licensed automobile clubs in Alabama.
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Currently requires automobile clubs to be organized as domestic or foreign corporations; this bill expands the requirement to also allow limited liability company organization structures.
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Automobile clubs and associations must still obtain a license from the commissioner to conduct business in the state.
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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
Indefinitely Postponed
5/9/2012