2023 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 (2023)

Section 19-4A-2

Investment 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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