Alabama Code (Last Updated: November 28, 2014) |
Title4 AVIATION. |
Chapter3. AIRPORT AUTHORITIES. |
Article1. General Provisions. |
§4-3-21. Eligibility of bonds as investments for trusts, savings banks, insurance companies, etc.
Latest version.
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Bonds issued under the provisions of this article are hereby made legal investments for executors, administrators, trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's authority. Such bonds shall be legal investments for savings banks and insurance companies organized under the laws of the state.