Alabama Statutes

§ 11-61A-20 — Bonds Deemed Legal Investment

Alabama·Title 11 Counties and Municipal Corporations·Ch. 61A Municipal Parking Authority

Bonds issued under this chapter are deemed legal investments for executors, administrators, trustees, and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary’s authority. The bonds shall be legal investments for savings banks and insurance companies organized under the laws of the state.

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Legislative History

(Acts 1994, No. 94-254, p. 470, §20.)

Nearby Sections

15

§ 11-1-1

Number and Names of Counties

§ 11-1-10

Contracts with Federal, State, and Other County Governments

§ 11-1-11

Payment of Membership Fees in State Organizations, Etc., for Sheriffs, Tax Assessors, Tax Collectors, Circuit Clerks and Registers, License Commissioners, Etc

§ 11-1-12

Preparation, Etc., of County Assessment Maps or Plats

§ 11-1-13

Alteration, Etc., of Precinct or Beat Lines or Creation of New Precincts or Beats

§ 11-1-14

Provision of Voting Places Where Precinct or Beat Lines Altered, Etc., or New Precincts or Beats Created

§ 11-1-15

Authority to Join National and State Association of County Commissions

§ 11-1-16

Warrants for Borrowing Purposes - Execution

§ 11-1-17

Warrants for Borrowing Purposes - Form of Warrants, Refunding Warrants, Coupons, Etc

§ 11-1-2

County Declared a Body Corporate

§ 11-1-3

Jurisdiction Over Navigable Streams Not Within Limits of Any County; Execution of Process on Said Streams

§ 11-1-5

Uniform Designation for County Governing Bodies

§ 11-1-6

Transfer of Money Erroneously Paid into County Treasury, Etc., to State Treasury

§ 11-1-7

Appointment and Use of Public Depositories; Liability

§ 11-1-8

Closing of County Offices on Legal Holidays and for Special Circumstances; Deadlines Extended for Filing Documents

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