Alabama Code (Last Updated: November 28, 2014) |
Title11 COUNTIES AND MUNICIPAL CORPORATIONS. |
Title1 PROVISIONS APPLICABLE TO COUNTIES ONLY. |
Chapter9. WARRANTS FOR UTILITY PURPOSES. |
Article2. Waterworks Systems Warrants. |
§11-9-25. Investment of trust funds in warrants.
Latest version.
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Unless otherwise directed by the court having jurisdiction thereof or by the document that is the source of authority, a trustee, executor, administrator, guardian or one acting in any other fiduciary capacity may, in addition to any other investment powers, invest trust funds in warrants issued under the provisions of this article.