Code of Alabama

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11-54-149
Section 11-54-149 Bonds made legal investments. Bonds issued under the provisions of this article
shall be legal investments for saving banks and insurance companies organized under the laws
of the state. (Acts 1979, No. 79-722, p. 1277, §10.)...
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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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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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24-1-36
Section 24-1-36 Investment by state, fiduciaries, banks, etc., in bonds, etc., issued by authorities.
Notwithstanding any restrictions on investments contained in any laws of this state, the state
and all public officers, municipal corporations, political subdivisions other than county
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 or other obligations issued by a housing authority
pursuant to this article or issued by any public housing authority or agency in the United
States, when such bonds or other obligations are...
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19-3-127
Section 19-3-127 Bonds of Tennessee Valley Authority. Bonds issued by the Tennessee Valley
Authority under the provisions of the Tennessee Valley Authority Act of 1933, as amended or
as the same may be hereafter amended, shall be legal investments for fiduciaries investing
trust funds and for investments by savings banks and insurance companies organized under the
laws of the state, and shall be eligible to be used as security for the deposit of funds of
the state and its instrumentalities. (Acts 1961, Ex. Sess., No. 119, p. 2043, §1.)...
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16-65-10
Section 16-65-10 Investment in bonds. The State Treasurer may invest any idle or surplus moneys
of the state in bonds of the authority. The governing body of any county or municipality is
authorized in its discretion to invest any idle or surplus money held in its treasury in bonds
of the authority. Such bonds shall be legal investments for executors, administrators, trustees,
and other fiduciaries, unless otherwise directed by the court having jurisdiction of the fiduciary
relation or by the document that is the source of the fiduciary's authority, and for savings
banks and insurance companies organized under the laws of the state. (Acts 1997, No. 97-388,
p. 632, §10.)...
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2-6-84
Section 2-6-84 Securities as legal investments. Securities issued by the corporation under
the provisions of this article shall be legal investments for fiduciaries investing trust
funds and for investments by savings banks, savings and loan associations and insurance companies
organized under the laws of the state and shall be eligible to be used as security for the
deposit of funds of the state and its instrumentalities. (Acts 1984, No. 84-252, p. 405, §15.)...

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22-23A-12
Section 22-23A-12 Investment in bonds of authority. The State Treasurer may invest any idle
or surplus moneys of the state in bonds of the authority. The governing body of any county
or municipality is authorized in its discretion to invest any idle or surplus money held in
its treasury in bonds of the authority. Such bonds shall be legal investments for executors,
administrators, trustees and other fiduciaries, unless otherwise directed by the court having
jurisdiction of the fiduciary relation or by the document that is the source of the fiduciary's
authority, and for savings banks and insurance companies organized under the laws of the state.
(Acts 1988, 1st Ex. Sess., No. 88-857, p. 338, §12.)...
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22-34-12
Section 22-34-12 Investment in authority bonds. The State Treasurer may invest any idle or
surplus moneys of the state in bonds of the authority. The governing body of any county or
municipality is authorized in its discretion to invest any idle or surplus money held in its
treasury in bonds of the authority. Such bonds shall be legal investments for executors, administrators,
trustees and other fiduciaries, unless otherwise directed by the court having jurisdiction
of the fiduciary relation or by the document that is the source of the fiduciary's authority,
and for savings banks and insurance companies organized under the laws of the state. (Acts
1987, No. 87-226, p. 317, §12.)...
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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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