Alabama § 19-3-126 Tax Anticipation Bonds, Etc., of Certain Counties

Alabama Statutes

§ 19-3-126 — Tax Anticipation Bonds, Etc., of Certain Counties

Alabama § 19-3-126

Title 19Fiduciaries and Trusts

Ch. 3Trusts

Art. 6Investment of Trust Estate

This text of Alabama § 19-3-126 (Tax Anticipation Bonds, Etc., of Certain Counties) 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 § 19-3-126 (2026).

Text

Unless otherwise directed by the court having jurisdiction thereof, or by the will, trust agreement or other document which is the source of authority, any trustee, executor, administrator, guardian or one acting in any other fiduciary capacity, may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in the tax anticipation bonds, warrants, certificates of indebtedness or other security heretofore or hereafter issued by any county pursuant to Constitutional Amendment No. 76.

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Unless otherwise directed by the court having jurisdiction thereof, or by the will, trust agreement or other document which is the source of authority, any trustee, executor, administrator, guardian or one acting in any other fiduciary capacity, may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in the tax anticipation bonds, warrants, certificates of indebtedness or other security heretofore or hereafter issued by any county pursuant to Constitutional Amendment No. 76.