Corner Stone Funeral Chapel, Inc. v. MVMG, LLC

The majority opinion affirms the judgment of the DeKalb Circuit Court declaring Mountain View Memory Gardens <& Mausoleum, Inc. (“the corporation”), to be insolvent and ordering its liquidation and the transfer of its assets to MVMG, LLC (“the LLC”), subject to certain conditions set forth in the trial court’s order. However, because the corporation was certified by the Alabama Department of Insurance (“the Department”) as a seller of preneed contracts pursuant to the Alabama Pre-need Funeral and Cemetery Act, § 27-17A-1 et seq., Ala.Code 1975 (“the Pre-need Act”), the trial' court, in…