2018 Code of Alabama
Chapter 3 - TRUSTS.
Article 6 - Investment of Trust Estate.
Section 19-3-126 - Tax anticipation bonds, etc., of certain counties.

Universal Citation: AL Code § 19-3-126 (2018)
Section 19-3-126Tax anticipation bonds, etc., of certain counties.

Unless otherwise directed by the court having jurisdiction thereof, or by the will, trust agreement or other document which is the source of authority, any 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 the tax anticipation bonds, warrants, certificates of indebtedness or other security heretofore or hereafter issued by any county pursuant to Constitutional Amendment No. 76.

(Acts 1950, 5th Ex. Sess., No. 46, p. 91, §1.)
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.