Alabama Statutes
§ 19-4A-5 — Investment in Timely Manner; No Obligation to Invest Funds Less Than $1,000
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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Alabama § 19-4A-5 (Investment in Timely Manner; No Obligation to Invest Funds Less Than $1,000) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1991, No. 91-129, p. 163, §1(e).)
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 Title