2009 Alabama Code
Title 19 — FIDUCIARIES AND TRUSTS.
Chapter 3 — TRUSTS.
Section 19-3-121 Interest-bearing warrants.
Section 19-3-121Interest-bearing warrants.
A trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in interest-bearing warrants of any county board of education or city board of education in the State of Alabama, which warrants are secured by a pledge of a special county ad valorem tax for schools or a special district ad valorem tax for schools.
(Acts 1939, Ex. Sess., No. 16, p. 17; Code 1940, T. 58, §48; Acts 1949, No. 133, p. 163.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
