Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter11A. REGULATION OF TRUST BUSINESS OF BANKS AND TRUST COMPANIES. |
Article1. General Provisions. |
§5-11A-11. Interest on bonds or securities deposited with Treasurer payable to trust companies.
Latest version.
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The interest falling due from time to time on bonds or other securities on deposit with the State Treasurer in accordance with Section 5-11A-5 shall be payable to the corporation depositing such bonds or other securities, and the Treasurer may send to such corporation a reasonable time before each interest period the coupons or interest note representing the interest to become due at such interest period.