Alabama Statutes

§ 36-17-17 — Special Trustee of State Sinking Funds

Alabama § 36-17-17
JurisdictionAlabama
Title 36Public Officers and Employees
Ch. 17State Treasurer

This text of Alabama § 36-17-17 (Special Trustee of State Sinking Funds) 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 § 36-17-17 (2026).

Text

Sinking funds are trust funds for the equitable use and benefit of the holders and owners of the state bonds or obligations for the payment of which the sinking funds were created. The Treasurer is special trustee for the care and custody of such sinking funds after they are paid into the State Treasury. It shall be the duty of the Treasurer to take charge of, keep safely and handle the funds coming into said sinking funds.

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Legislative History

(Acts 1923, No. 436, p. 585, §1; Code 1923, §844; Acts 1935, No. 311, p. 743, §5; Acts 1939, No. 112, p. 144, §§9, 10; Code 1940, T. 55, §226.)

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Bluebook (online)
Alabama § 36-17-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/36-17-17.