Alabama Statutes
§ 22-21-79 — Investment of Trust Funds in Corporation’s Securities
Alabama § 22-21-79
JurisdictionAlabama
Title 22Health, Mental Health, and Environmental Control
Ch. 21Hospitals and Other Health Care Facilities Generally
Art. 4County Hospital Boards and Corporations
Div. 1Hospital Boards
This text of Alabama § 22-21-79 (Investment of Trust Funds in Corporation’s Securities) 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 § 22-21-79 (2026).
Text
Unless otherwise directed by the court having jurisdiction thereof or 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 the 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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Legislative History
(Acts 1949, No. 46, p. 68, §9.)
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Bluebook (online)
Alabama § 22-21-79, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/22-21-79.