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the Code of Alabama
2012 Code of Alabama
Title 4 - AVIATION.
Chapter 3 - AIRPORT AUTHORITIES.
Section 4-3-21 - Eligibility of bonds as investments for trusts, savings banks, insurance companies, etc.
Universal Citation:
Section 4-3-21Eligibility of bonds as investments for trusts, savings banks, insurance companies, etc.
AL Code ยง 4-3-21 (2012)
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on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Bonds issued under the provisions of this article are hereby made legal investments for executors, administrators, trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's authority. Such bonds shall be legal investments for savings banks and insurance companies organized under the laws of the state.
(Acts 1963, No. 265, p. 696, §18.)
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