Alabama Statutes
§ 5-11A-6 — Deposit of Security for a Operation of Trust Business - State Treasurer to Decline Certain Bonds or Securities
Alabama § 5-11A-6
JurisdictionAlabama
Title 5Banks and Financial Institutions
Ch. 11ARegulation of Trust Business of Banks and Trust Companies
Art. 1General Provisions
This text of Alabama § 5-11A-6 (Deposit of Security for a Operation of Trust Business - State Treasurer to Decline Certain Bonds or Securities) 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-6 (2026).
Text
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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Legislative History
(Acts 1980, No. 80-658, §5-11-6.)
Nearby Sections
15
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Bluebook (online)
Alabama § 5-11A-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/5-11A-6.