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2020 Code of Alabama
Title 19 - Fiduciaries and Trusts.
Chapter 4A - Idle Funds in Fiduciary Accounts.
Section 19-4A-4 - Reasonable Rate of Return; Considerations.
Universal Citation: AL Code § 19-4A-4 (2020)
Section 19-4A-4
Reasonable rate of return; considerations.
In the absence of specific instructions in the governing document, the fiduciary shall select an investment vehicle for idle funds in each fiduciary account which should provide a reasonable rate of return, taking into consideration the income needs of the current income beneficiary, the quality of the investment, the liquidity needs of the fiduciary account and the expense of making the funds productive of income.
(Acts 1991, No. 91-129, p. 163, §1(d).)
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