Alabama § 11-57-19 Investment in Bonds - by Executors, Savings Banks, Insurance Companies, Etc

Alabama Statutes

§ 11-57-19 — Investment in Bonds - by Executors, Savings Banks, Insurance Companies, Etc

Alabama § 11-57-19

Title 11Counties and Municipal Corporations

Ch. 57Public Library Authorities

This text of Alabama § 11-57-19 (Investment in Bonds - by Executors, Savings Banks, Insurance Companies, Etc) 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 § 11-57-19 (2026).

Text

Bonds issued under the provisions of this chapter are hereby made legal investments for savings banks and insurance companies organized under the laws of the state. Unless otherwise directed by the court having jurisdiction thereof or the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in bonds of the authority.

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Bonds issued under the provisions of this chapter are hereby made legal investments for savings banks and insurance companies organized under the laws of the state. Unless otherwise directed by the court having jurisdiction thereof or the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in bonds of the authority.