Alabama Statutes
§ 45-37A-56.40 — Eligibility of Bonds as Investments for Trust Funds
Alabama § 45-37A-56.40
JurisdictionAlabama
Title 45Local Laws
Ch. 37AJefferson County Municipalities
Art. 5Birmingham
Part 7Zoning
This text of Alabama § 45-37A-56.40 (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 § 45-37A-56.40 (2026).
Text
Bonds issued under this subpart 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 1971, No. 2079, p. 3335, §21.)
Nearby Sections
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§ 45-1-10
Disclaimer,§ 45-1-100.01
Superintendent of Education§ 45-1-100.02
Insuring School Buildings and Property§ 45-1-110
Compensation of Poll Workers§ 45-1-120
Reserved§ 45-1-130
Duties of County Engineer§ 45-1-140
Reserved§ 45-1-150
Reserved§ 45-1-160
Reserved§ 45-1-180
Reserved§ 45-1-190
Reserved§ 45-1-20
Licensing and Regulation; ViolationsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 45-37A-56.40, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/45-37A-56.40.