Alabama § 5-11A-11 Interest on Bonds or Securities Deposited with Treasurer Payable to Trust Companies

Alabama Statutes

§ 5-11A-11 — Interest on Bonds or Securities Deposited with Treasurer Payable to Trust Companies

Alabama § 5-11A-11

Title 5Banks and Financial Institutions

Ch. 11ARegulation of Trust Business of Banks and Trust Companies

Art. 1General Provisions

This text of Alabama § 5-11A-11 (Interest on Bonds or Securities Deposited with Treasurer Payable to Trust Companies) 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 § 5-11A-11 (2026).

Text

The interest falling due from time to time on bonds or other securities on deposit with the State Treasurer in accordance with Section 5-11A-5 shall be payable to the corporation depositing such bonds or other securities, and the Treasurer may send to such corporation a reasonable time before each interest period the coupons or interest note representing the interest to become due at such interest period.

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The interest falling due from time to time on bonds or other securities on deposit with the State Treasurer in accordance with Section 5-11A-5 shall be payable to the corporation depositing such bonds or other securities, and the Treasurer may send to such corporation a reasonable time before each interest period the coupons or interest note representing the interest to become due at such interest period.