Alabama § 41-10-504 Bonds of Authority Eligible for Investment of Trust Funds

Alabama Statutes

§ 41-10-504 — Bonds of Authority Eligible for Investment of Trust Funds

Alabama § 41-10-504

Title 41State Government

Ch. 10Authorities

Art. 15Alabama State Parking Deck Authority

This text of Alabama § 41-10-504 (Bonds of Authority Eligible for Investment of 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 § 41-10-504 (2026).

Text

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.