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·Title 11 Counties and Municipal Corporations·Ch. 9 Warrants for Utility Purposes·Art. 1 Warrants or Certificates of Indebtedness for Sanitary Sewer Systems

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.

Alabama § 11-9-4 (Investment of Trust Funds in Warrants or Certificates of Indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.