Alabama § 19-4A-5 Investment in Timely Manner; No Obligation to Invest Funds Less Than $1,000

Alabama Statutes

§ 19-4A-5 — Investment in Timely Manner; No Obligation to Invest Funds Less Than $1,000

Alabama § 19-4A-5

Title 19Fiduciaries and Trusts

Ch. 4AIdle Funds in Fiduciary Accounts

This text of Alabama § 19-4A-5 (Investment in Timely Manner; No Obligation to Invest Funds Less Than $1,000) 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-5 (2026).

Text

In the absence of specific instructions in the governing document, the fiduciary shall invest idle funds in each fiduciary account in a timely manner consistent with the technology employed by the fiduciary but not to exceed 10 business days after the receipt of collected funds; provided, however, that there shall be no obligation or requirement to invest idle funds in an amount less than $1,000.00 per each fiduciary account.

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In the absence of specific instructions in the governing document, the fiduciary shall invest idle funds in each fiduciary account in a timely manner consistent with the technology employed by the fiduciary but not to exceed 10 business days after the receipt of collected funds; provided, however, that there shall be no obligation or requirement to invest idle funds in an amount less than $1,000.00 per each fiduciary account.