Alabama Statutes
§ 4-3-21 — Eligibility of Bonds as Investments for Trusts, Savings Banks, Insurance Companies, Etc
Bonds issued under the provisions of this article 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 1963, No. 265, p. 696, §18.)
Nearby Sections
15
§ 4-10-1
Legislative Findings§ 4-10-2
Definitions§ 4-10-3
Program Established; Purpose§ 4-10-4
Award of Grants§ 4-10-5
Funding§ 4-10-6
Rulemaking Authority§ 4-2-1
Short Title§ 4-2-10
Reckless Operation of Aircraft§ 4-2-13
Repeal of Conflicting Laws§ 4-2-2
Purpose of Chapter§ 4-2-3
Definitions