Alabama § 41-10-314 Investment of Trust Funds in Bonds of Authority

Alabama Statutes

§ 41-10-314 — Investment of Trust Funds in Bonds of Authority

Alabama·Title 41 State Government·Ch. 10 Authorities·Art. 10 Alabama Space Science Exhibit Finance Authority

Any trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise directed by the court having jurisdiction thereof or the document which is the source of authority, a trustee, executor, administrator, guardian, or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in the bonds of the authority.

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Any trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise directed by the court having jurisdiction thereof or the document which is the source of authority, a trustee, executor, administrator, guardian, or one acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust funds in the bonds of the authority.

Alabama § 41-10-314 (Investment of Trust Funds in Bonds of Authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.