Alabama Statutes
§ 22-21-110 — Issuance of Securities - Investment of Trust Funds
Alabama·Title 22 Health, Mental Health, and Environmental Control·Ch. 21 Hospitals and Other Health Care Facilities Generally·Art. 4 County Hospital Boards and Corporations·Div. 2 Hospital Corporations
Unless otherwise directed by the court having jurisdiction thereof and by the document which is the source of authority, a fiduciary may, with the exercise of reasonable business prudence, invest trust funds in securities of a hospital corporation for payment of the principal of, and interest on, which the proceeds of any ad valorem, excise, license or privilege tax are pledged.
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Alabama § 22-21-110 (Issuance of Securities - Investment of Trust Funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1949, No. 640, p. 981, §8.)
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