11-99A-49
Section 11-99A-49 Investments in bonds. Bonds issued under this chapter are legal and authorized
investments for banks, trust companies, savings and loan associations, savings banks, insurance
companies, fiduciaries, trustees, guardians, and any public person. Bonds issued under this
chapter may be security for deposits of public funds of any public person. (Act 99-446, p.
1013, §1.)...
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5-5A-23
Section 5-5A-23 Investments and loans with respect to housing. (a) Banks, insurance companies
and savings and loan associations are authorized: (1) To make such loans and advances of credit
and purchases of obligations representing loans and advances of credit as are eligible for
insurance and to obtain such insurance; and (2) To make such loans secured by real property
or leasehold as the Federal Housing Administrator insures or makes a commitment to insure
and to obtain such insurance. (b) It shall be lawful for banks, insurance companies or savings
and loan associations to purchase, invest in and dispose of bonds or notes secured by mortgages
issued by the Federal Housing Administrator and in securities issued by national mortgage
associations. (c) No law of this state requiring security upon which loans or investments
may be made, or prescribing or limiting interest rates upon loans or investments, or prescribing
or limiting the period for which loans or investments may be made...
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11-94-17
Section 11-94-17 Bonds of authority as legal investments. Bonds issued under this chapter are
hereby made legal investments for executors, administrators, trustees and other fiduciaries
and for savings banks and insurance companies organized under the laws of the State of Alabama.
(Acts 1980, No. 80-647, p. 1220, §17.)...
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11-101A-17
Section 11-101A-17 Securities are legal investments. Securities issued under this chapter 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 securities of an authority. The governing body of any authorizing subdivision, or any county
or municipality in which any project of an authority may be situated, may, in its discretion,
invest in securities of the authority any idle or surplus money held in its treasury which
is not otherwise earmarked or pledged. (Act 2001-642, p. 1317, §1.)...
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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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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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11-64-6
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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45-37A-56.40
Section 45-37A-56.40 Eligibility of bonds as investments for trust funds. Bonds issued under
this subpart are hereby made 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. Such bonds shall
be legal investments for savings banks and insurance companies organized under the laws of
the state. (Acts 1971, No. 2079, p. 3335, §21.)...
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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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11-81A-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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