Alabama Statutes
§ 19-4A-1 — Idle Funds Defined
Alabama § 19-4A-1
This text of Alabama § 19-4A-1 (Idle Funds Defined) 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 § 19-4A-1 (2026).
Text
Idle funds are defined as collected income and principal cash balances received by a fiduciary and held awaiting investment in or distribution from a fiduciary account. As used in this chapter, the term “fiduciary account” shall mean any account for which the bank or trust company has investment responsibility.
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Legislative History
(Acts 1991, No. 91-129, p. 163, §1(a).)
Nearby Sections
15
§ 19-1-1
Short Title§ 19-1-11
Chapter Not Retroactive§ 19-1-12
Cases Not Provided for in Chapter§ 19-1-13
Uniformity of Interpretation§ 19-1-2
Definitions§ 19-1-8
Deposit in Name of Principal§ 19-1A-1
Short TitleCite This Page — Counsel Stack
Bluebook (online)
Alabama § 19-4A-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/19-4A-1.