Alabama § 19-3-127 Bonds of Tennessee Valley Authority

Alabama Statutes

§ 19-3-127 — Bonds of Tennessee Valley Authority

Alabama § 19-3-127

Title 19Fiduciaries and Trusts

Ch. 3Trusts

Art. 6Investment of Trust Estate

This text of Alabama § 19-3-127 (Bonds of Tennessee Valley Authority) 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 § 19-3-127 (2026).

Text

Bonds issued by the Tennessee Valley Authority under the provisions of the Tennessee Valley Authority Act of 1933, as amended or as the same may be hereafter amended, shall be legal investments for fiduciaries investing trust funds and for investments by savings banks and insurance companies organized under the laws of the state, and shall be eligible to be used as security for the deposit of funds of the state and its instrumentalities.

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Bonds issued by the Tennessee Valley Authority under the provisions of the Tennessee Valley Authority Act of 1933, as amended or as the same may be hereafter amended, shall be legal investments for fiduciaries investing trust funds and for investments by savings banks and insurance companies organized under the laws of the state, and shall be eligible to be used as security for the deposit of funds of the state and its instrumentalities.