Whenever the State Board of Agriculture and Industries shall place an association in the charge or control of a person, as provided in Section 2-10-32, such person shall be bonded by a bonding company in such amount and under such conditions as shall be fixed by the board to faithfully comply with the duties imposed in this article. Said bond shall be filed with and approved by the commissioner. Such agent shall have full authority to handle the property and affairs of said association as ordered by the board.
Structure Code of Alabama
Chapter 10 - Cooperatives and Associations.
Article 2 - Marketing Associations Generally.
Section 2-10-20 - "Association" Defined.
Section 2-10-21 - Permit Required; Fee.
Section 2-10-22 - Duty of Commissioner Upon Receipt of Application for Permit.
Section 2-10-24 - Refusal of Permit.
Section 2-10-25 - Notice of Decision Refusing Permit; Appeal.
Section 2-10-26 - Temporary Permit Pending Appeal.
Section 2-10-27 - Authority to Acquire Stock and Execute Mortgages.
Section 2-10-28 - Annual Report.
Section 2-10-29 - Investigation of Affairs of Association.
Section 2-10-30 - Commissioner to Report Association Violating Purposes of Organization, Etc.
Section 2-10-31 - Hearing on Report of Commissioner.
Section 2-10-32 - Order of Board After Hearing; Appeal.
Section 2-10-33 - Bond Required of Person Placed in Charge of Association.
Section 2-10-34 - Payment of Expense of Operating or Closing Out Association.
Section 2-10-35 - Dissolution of Marketing or Marketing and Purchasing Associations.