Alabama Statutes
§ 37-13-18 — Eligibility of Bonds as Investments for Trust Funds
Alabama·Title 37 Public Utilities and Public Transportation·Ch. 13 Incorporation of Railroad Authorities as Public Corporations
Bonds issued under the provisions of this chapter are hereby made legal investments for executors, administrators, trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary’s authority. Such bonds shall be legal investments for savings banks and insurance companies organized under the laws of the state.
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Alabama § 37-13-18 (Eligibility of Bonds as Investments for Trust Funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1984, No. 84-179, p. 256, §18.)
Nearby Sections
15
§ 37-1-1
Commission Established§ 37-1-100
Effective Date of Orders§ 37-1-101
Modification of Orders§ 37-1-102
Record of Proceedings§ 37-1-105
Rehearing§ 37-1-122
Time for Appeal; How Appeal Perfected