Alabama § 4-3-58 Eligibility of Bonds as Investment for Trusts, Savings Banks, Insurance Companies, Etc

Alabama Statutes

§ 4-3-58 — Eligibility of Bonds as Investment for Trusts, Savings Banks, Insurance Companies, Etc

Alabama § 4-3-58

Title 4Aviation

Ch. 3Airport Authorities

Art. 2Alternate Procedure for Incorporation

This text of Alabama § 4-3-58 (Eligibility of Bonds as Investment for Trusts, Savings Banks, Insurance Companies, Etc) 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 § 4-3-58 (2026).

Text

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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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.