Code of Alabama

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11-50A-16
Section 11-50A-16 Bonds as legal investments. The bonds, bond anticipation notes and
notes authorized in this chapter shall be securities in which all public officers and bodies
of this state and all political subdivisions, all insurance companies and associations, and
other persons carrying on an insurance business, all banks, bankers, trust companies, savings
banks, and savings associations, including savings and loan associations, building and loan
associations, investment companies, and other persons carrying on a banking business, all
administrators, guardians, executors, trustees, and other fiduciaries and all other persons
whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations
of the state, may properly and legally invest funds. The bonds, bond anticipation notes and
notes shall also be securities which may be deposited with and shall be received by all public
officers and bodies of this state and all political subdivisions for any purpose...
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2-6-124
Section 2-6-124 Investments. The state and all public officers, municipal corporations,
political subdivisions and public bodies, all banks, bankers, trust companies, savings banks
and institutions, building and loan associations, savings and loan associations, investment
companies, and other persons carrying on a banking business, all insurance companies, insurance
associations and other persons carrying on an insurance business and all executors, administrators,
guardians, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or
other funds belonging to them or within their control in any bonds of the corporation, and
the bonds shall be authorized security for all public deposits, it being the purpose of this
article to authorize any persons, firms, corporations, associations, political subdivisions,
bodies and officers, public or private, to use any funds owned or controlled by them, including,
but not limited to, sinking, insurance, investment, retirement,...
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23-7-27
Section 23-7-27 Construction and use of bonds. (a) The bonds issued by the bank are
legal investments in which all public officers or public bodies of the state, its political
subdivisions, all municipalities and political subdivisions, all insurance companies and associations
and other persons carrying on insurance business, all banks, bankers, banking associations,
trust companies, savings banks, savings associations, including savings and loan association
investment companies, and other persons carrying on a banking business, all administrators,
guardians, executors, trustees, and other fiduciaries, and all other persons who are now or
may be authorized in the future to invest in bonds or other obligations of the state, may
invest funds in their control or belonging to them. (b) The bonds of the bank are also securities
which may be deposited with and received by all public officers and bodies of the state or
any agency or political subdivision of the state and all municipalities...
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11-11B-6
Section 11-11B-6 Legal investment status of securities. Securities issued under the
authority of this chapter shall be securities in which the state, the grantee, all counties
and political subdivisions of the state, their officers, boards, departments or agencies and
all banks, bankers, trust companies, savings and loan associations, investment companies and
other persons carrying on a banking business, all insurance companies and insurance associations
and other persons carrying on an insurance business, all administrators, executors, guardians,
trustees and other fiduciaries, and all other persons who now are or may hereafter be authorized
to invest in securities issued by a county, may properly and legally invest any funds, including
capital belonging to them or within their control. (Acts 1981, No. 81-797, p. 1399, §6.)...

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11-64-6
Section 11-64-6 Investment status of securities. Securities issued under the authority
of this chapter shall be securities in which the state, the grantee, all counties and political
subdivisions of the state, their officers, boards, departments, or agencies and all banks,
bankers, trust companies, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies and insurance associations and other
persons carrying on an insurance business, all administrators, executors, guardians, trustees,
and other fiduciaries, and all other persons who now are or may hereafter be authorized to
invest in securities issued by a municipality, may properly and legally invest any funds,
including capital belonging to them or within their control. (Acts 1981, No. 81-798, p. 1403,
§6.)...
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11-81A-6
Section 11-81A-6 Legal investment status of securities. Securities issued under the
authority of this chapter shall be securities in which the state, the grantee, all counties,
and political subdivisions of this state, their officers, boards, departments or agencies,
and all banks, bankers, trust companies, savings and loan associations, investment companies,
and other persons carrying on a banking business, all insurance companies and insurance associations
and other persons carrying on an insurance business, all administrators, executors, guardians,
trustees, and other fiduciaries, and all other persons who now are or may hereafter be authorized
to invest in securities issued by a municipality or county, may properly and legally invest
any funds, including capital belonging to them or within their control. (Acts 1980, No. 80-697,
p. 1400, §6.)...
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41-10-467
Section 41-10-467 Bonds may be used to secure deposit and for investment of fiduciary
funds. The state and all public officers, municipal corporations, political subdivisions,
and public bodies, all banks, bankers, trust companies, savings banks and institutions, building
and loan associations, savings and loan associations, investment companies, and other persons
carrying on a banking business, all insurance companies, insurance associations and other
persons carrying on an insurance business and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds of the authority, and such bonds shall be authorized
security for all public deposits, it being the purpose of this article to authorize any persons,
firms, corporations, associations, political subdivisions, bodies, and officers, public or
private, to use any funds owned or controlled by them, including,...
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9-10-39
Section 9-10-39 Investment in bonds by state, banks, insurance companies, etc.; deposit
of bonds, etc., with state or municipal officers or agencies. Bonds issued by the corporation
under the provisions of this article are hereby made securities in which the state and all
political subdivisions of this state, their officers, boards, commissions, departments or
other agencies, all banks, bankers, savings banks, trust companies, savings and loan associations,
investment companies and other persons carrying on a banking business, all insurance companies,
insurance associations, and other persons carrying on an insurance business and all administrators,
executors, guardians, trustees and other fiduciaries and all other persons whatsoever who
now are or may hereafter be authorized to invest in bonds or other obligations of the state
may properly and legally invest any funds including capital belonging to them or within their
control. The bonds or other securities or obligations are hereby...
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11-62-11
Section 11-62-11 Investment in bonds and notes by state, counties, municipalities, etc.
The notes and bonds of any authority shall be legal investments in which the state and its
agencies and instrumentalities, all counties, municipalities, and other political subdivisions
of the state and public corporations organized under the laws thereof, all insurance companies
and associations and other persons carrying on an insurance business, all banks, savings banks,
savings and loan associations, trust companies, credit unions, and investment companies of
any kind, all administrators, guardians, executors, trustees, and other fiduciaries and all
other persons whatsoever who are now or may hereafter be authorized to invest in bonds or
other obligations of the state may properly and legally invest funds in their control or belonging
to them. (Acts 1979, No. 79-332, p. 506, §11.)...
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23-2-154
Section 23-2-154 Bonds legal investments for all purposes; entitled to be deposited
with state officers or agencies. Bonds issued by the authority under the provisions of this
article are hereby made securities in which the state and all political subdivisions of this
state, their officers, boards, commissioners, departments or other agencies; all banks, bankers,
savings banks, trust companies, savings and loan associations, investment companies and other
persons carrying on a banking business; all insurance companies, insurance associations and
other persons carrying on an insurance business; and all administrators, executors, guardians,
trustees and other fiduciaries; and all other persons whatsoever who now are or may hereafter
be authorized to invest in bonds or other obligations of the state may properly and legally
invest any funds, including capital belonging to them or within their control. The bonds or
other securities or obligations are hereby made securities which properly...
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