Alabama Statutes
§ 18-1A-111 — Investment of Deposit; Allocation of Interest
Alabama·Title 18 Eminent Domain·Ch. 1A Eminent Domain Generally·Art. 6 Deposit and Possession Prior to Judgment
Upon motion of a party at any time after a deposit has been made, the court shall direct that the money not withdrawn be invested in certificates of deposit of federal and state banks and savings and loan associations, or in treasury bills, notes, or obligations of the federal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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Legislative History
(Acts 1985, No. 85-548, p. 802, §602.)
Nearby Sections
15
§ 18-1A-1
Short Title§ 18-1A-130
Discovery and Pretrial Conferences§ 18-1A-153
Burden of Proof§ 18-1A-172
Fair Market Value Defined§ 18-1A-174
Highest and Best Use, a Jury Issue