Alabama Statutes
§ 5-12A-10 — Quarterly Valuation of Securities in Fund
Alabama·Title 5 Banks and Financial Institutions·Ch. 12A Administration, Etc., of Common Trust Funds
No less frequently than once during each period of three months, the trust institution administering a common trust fund shall determine the value of the securities in the common trust fund as of the dates set for the valuation thereof. No participation shall be admitted to or withdrawn from the common trust fund, except (i) on the basis of such valuation and (ii) as of such valuation date.
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Alabama § 5-12A-10 (Quarterly Valuation of Securities in Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1980, No. 80-658, §5-12-10.)