The commissioner shall issue a certificate of authority if he is satisfied that:
(1) All requirements of law have been met;
(2) All natural persons who are incorporators, the directors and principal officers of corporate incorporators, and the proposed directors and officers of the corporation being formed are trustworthy and competent and collectively have the competence and experience to engage in the particular dental service business proposed; and
(3) The business plan is consistent with the interests of the corporation's potential subscribers and of the public, and that the working capital meets the minimum requirements of not less than $100,000.00.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 12 - Dental Services Corporations.
Section 22-21-360 - Short Title.
Section 22-21-361 - Definitions.
Section 22-21-363 - Application for Certificate of Authority; Contents.
Section 22-21-364 - Issuance of Certificate; Criteria.
Section 22-21-365 - Consent of Commissioner to Charter or Certificate of Incorporation.
Section 22-21-367 - License Prerequisite to Contracts With Subscribers.
Section 22-21-368 - Contents of Proposed Contracts Issued to Subscribers.
Section 22-21-369 - Contents of Proposed Contracts Between Corporation and Dentists.
Section 22-21-374 - Fees and Taxes; Applicable Insurance Laws.
Section 22-21-376 - Relation to Certain Insurance Provisions.
Section 22-21-383 - Deposit of Moneys Received by Department Pursuant to Article.
Section 22-21-387 - Use of Phrase "Dental Service plan."
Section 22-21-388 - Dissolution or Liquidation of Corporation.
Section 22-21-389 - Nonprofit Corporations Organized Prior to May 4, 1982.
Section 22-21-390 - Violations; Penalties; Injunctive Relief.