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2017 Code of Alabama
Title 19 - FIDUCIARIES AND TRUSTS.
Chapter 4A - IDLE FUNDS IN FIDUCIARY ACCOUNTS.
Section 19-4A-2 - Investment in accordance with terms of governing document.
Universal Citation: AL Code § 19-4A-2 (2017)
Section 19-4A-2Investment in accordance with terms of governing document.
A bank or trust company duly authorized to exercise fiduciary powers through the operation of a trust department shall invest idle funds in each fiduciary account in accordance with the specific terms of the governing document.
(Acts 1991, No. 91-129, p. 163, §1(b).)
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