Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/16-17A-13.htm |
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Depth: | 0 singles |
Size: | 895 bytes |
Modified: | 2016-10-04 15:52:52 |
Categories: | -None- |
Title: | 16-17A-13 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 16-17A-13 Investment in indebtedness. Indebtedness issued under the provisions of this chapter is hereby made a legal investment for savings banks and insurance companies organized under state law and for trustees, executors, administrators, guardians, persons, or organizations acting in a fiduciary capacity, unless otherwise directed by a court having jurisdiction or by a document providing fiduciary authority. Any governmental entity or public corporation is authorized, in its discretion, to invest any available funds in securities of the authority. (Act 2016-201, ยง13.) |