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AL SB78

Bill

Status

Introduced

2/7/2012

Primary Sponsor

Thomas Whatley

Click for details

Origin

Senate

Regular Session 2012

AI Summary

  • Amends Section 27-39-3 of the Code of Alabama 1975 to permit limited liability companies to operate as licensed automobile clubs in Alabama.

  • 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.

  • Automobile clubs and associations must still obtain a license from the commissioner to conduct business in the state.

  • 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

Committee Referrals

Banking and Insurance2/7/2012

Full Bill Text

No bill text available