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·Title 5 Banks and Financial Institutions·Ch. 11A Regulation of Trust Business of Banks and Trust Companies·Art. 1 General Provisions

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.

Alabama § 5-11A-11 (Interest on Bonds or Securities Deposited with Treasurer Payable to Trust Companies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.