Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/22-21-146.htm |
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Depth: | 0 singles |
Size: | 962 bytes |
Modified: | 2005-03-22 14:29:06 |
Categories: | -None- |
Title: | 22-21-146 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 22-21-146 Bonds - Legal investment - Banks, insurers and fiduciaries. Bonds issued under the provisions of this article are hereby made legal investments for savings banks and insurance companies organized under the laws of the state. Unless otherwise directed by the court having jurisdiction thereof or 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 conferred by law and with the exercise of reasonable business prudence, invest trust funds in the bonds of the authority. (Acts 1961, No. 109, p. 134, ยง21.) |