Alabama § 10A-10-1.10 Provisions on Investments and Use

Alabama Statutes

§ 10A-10-1.10 — Provisions on Investments and Use

Alabama § 10A-10-1.10

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 10Real Estate Investment Trusts

This text of Alabama § 10A-10-1.10 (Provisions on Investments and Use) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-10-1.10 (2026).

Text

(a)A real estate investment trust shall hold, either directly or through other entities, assets of such character, in such percentages, and for such uses as permitted by Sections 856 to 860, inclusive, of the Internal Revenue Code, as amended from time to time.

(b)Except as provided in subsection (a), the trustees shall have the powers as to the investment of the trust estate as may be set out in the declaration of trust without regard to the type of investments to which trustees generally are restricted.

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(a) A real estate investment trust shall hold, either directly or through other entities, assets of such character, in such percentages, and for such uses as permitted by Sections 856 to 860, inclusive, of the Internal Revenue Code, as amended from time to time.
(b) Except as provided in subsection (a), the trustees shall have the powers as to the investment of the trust estate as may be set out in the declaration of trust without regard to the type of investments to which trustees generally are restricted.