Alabama § 18-1A-111 Investment of Deposit; Allocation of Interest

Alabama Statutes

§ 18-1A-111 — Investment of Deposit; Allocation of Interest

Alabama § 18-1A-111

Title 18Eminent Domain

Ch. 1AEminent Domain Generally

Art. 6Deposit and Possession Prior to Judgment

This text of Alabama § 18-1A-111 (Investment of Deposit; Allocation of Interest) 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 § 18-1A-111 (2026).

Text

Upon motion of a party at any time after a deposit has been made, the court shall direct that the money not withdrawn be invested in certificates of deposit of federal and state banks and savings and loan associations, or in treasury bills, notes, or obligations of the federal government or any agency thereof, subject to reasonable terms and conditions. Interest earned or other increments derived from the investment shall be allocated, credited, and disbursed between the parties pro rata, in relation to the final award.

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Upon motion of a party at any time after a deposit has been made, the court shall direct that the money not withdrawn be invested in certificates of deposit of federal and state banks and savings and loan associations, or in treasury bills, notes, or obligations of the federal government or any agency thereof, subject to reasonable terms and conditions. Interest earned or other increments derived from the investment shall be allocated, credited, and disbursed between the parties pro rata, in relation to the final award.