No corporation or insurer having signed any such official bond or undertaking shall be permitted to deny its corporate or other power to execute such instrument or incur such liability in any proceedings to enforce liability against the insurer thereunder.
Structure Code of Alabama
Chapter 24 - Surety Insurance Contracts.
Section 27-24-1 - Applicability of Chapter.
Section 27-24-2 - Sole Surety - Corporations.
Section 27-24-3 - Sole Surety - Mutual or Reciprocal Surety Insurers.
Section 27-24-4 - Sole Surety - Cosureties on Bond of State Treasurer.
Section 27-24-5 - Additional Bond Upon Insolvency, etc., of Surety.
Section 27-24-6 - Venue of Actions on Bonds or Undertakings.
Section 27-24-7 - Estoppel of Insurer to Deny Its Power, Etc.