Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/19-4A-5.htm |
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Depth: | 0 singles |
Size: | 868 bytes |
Modified: | 2005-05-03 09:43:26 |
Categories: | -None- |
Title: | 19-4A-5 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 19-4A-5 Investment in timely manner; no obligation to invest funds less than $1,000. In the absence of specific instructions in the governing document, the fiduciary shall invest idle funds in each fiduciary account in a timely manner consistent with the technology employed by the fiduciary but not to exceed 10 business days after the receipt of collected funds; provided, however, that there shall be no obligation or requirement to invest idle funds in an amount less than $1,000.00 per each fiduciary account. (Acts 1991, No. 91-129, p. 163, ยง1(e).) |