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Alabama Code 27-26-31 - Insufficiency of funds

Alabama Code > Title 27 > Chapter 26 > § 27-26-31 - Insufficiency of funds


Current as of: 2010

In the event that sufficient funds are not available for the sound financial operation of the association, pending recoupment, as provided in subsection (a) of Section 27-26-25, all members shall, on a temporary basis contribute to the financial requirements of the association in the manner provided for in Section 27-26-37. Any such contribution shall be reimbursed to the members by recoupment as provided in Section 27-26-29.

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See also:
Alabama Code > Title 27 > Chapter 26 - Medical Liability Insurance
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