Alabama Statutes

§ 37-13-18 — Eligibility of Bonds as Investments for Trust Funds

Alabama § 37-13-18
JurisdictionAlabama
Title 37Public Utilities and Public Transportation
Ch. 13Incorporation of Railroad Authorities as Public Corporations

This text of Alabama § 37-13-18 (Eligibility of Bonds as Investments for Trust 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 § 37-13-18 (2026).

Text

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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Legislative History

(Acts 1984, No. 84-179, p. 256, §18.)

Nearby Sections

15
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Bluebook (online)
Alabama § 37-13-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/37-13-18.