Alabama § 11-9-4 Investment of Trust Funds in Warrants or Certificates of Indebtedness

Alabama Statutes

§ 11-9-4 — Investment of Trust Funds in Warrants or Certificates of Indebtedness

Alabama § 11-9-4

Title 11Counties and Municipal Corporations

Ch. 9Warrants for Utility Purposes

Art. 1Warrants or Certificates of Indebtedness for Sanitary Sewer Systems

This text of Alabama § 11-9-4 (Investment of Trust Funds in Warrants or Certificates of Indebtedness) 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 § 11-9-4 (2026).

Text

Unless otherwise directed by the court having jurisdiction thereof or by 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 warrants and certificates of indebtedness issued under the provisions of this article.

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Unless otherwise directed by the court having jurisdiction thereof or by 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 warrants and certificates of indebtedness issued under the provisions of this article.