Alabama Statutes
§ 5-11A-6 — Deposit of Security for a Operation of Trust Business - State Treasurer to Decline Certain Bonds or Securities
Alabama·Title 5 Banks and Financial Institutions·Ch. 11A Regulation of Trust Business of Banks and Trust Companies·Art. 1 General Provisions
The State Treasurer shall decline to receive bonds or other securities of a market value less than par and may, in his discretion, decline to receive any bonds or other securities that he considers unsafe or unsuitable for the purpose.
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Alabama § 5-11A-6 (Deposit of Security for a Operation of Trust Business - State Treasurer to Decline Certain Bonds or Securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1980, No. 80-658, §5-11-6.)