19-3B-816
Section 19-3B-816 Specific powers of trustee. (a) Without limiting the authority conferred
by Section 19-3B-815, a trustee may: (1) collect trust property and accept or reject additions
to the trust property from a settlor or any other person, including, but not being limited
to, the authority to receive, collect, hold, and retain common or preferred stock or other
interests in the trustee or any related party; (2) acquire or sell property, for cash or on
credit, at public or private sale; (3) exchange, partition, or otherwise change the character
of trust property; (4) deposit trust money in an account in a regulated financial-service
institution; (5) borrow money, with or without security, and mortgage or pledge trust property
for a period within or extending beyond the duration of the trust; (6) with respect to an
interest in a proprietorship, partnership, limited liability company, business trust, corporation,
or other form of business or enterprise, continue the business or other...
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36-25-1
Section 36-25-1 Definitions. Whenever used in this chapter, the following words and terms shall
have the following meanings: (1) BUSINESS. Any corporation, partnership, proprietorship, firm,
enterprise, franchise, association, organization, self-employed individual, or any other legal
entity. (2) BUSINESS WITH WHICH THE PERSON IS ASSOCIATED. Any business of which the person
or a member of his or her family is an officer, owner, partner, board of director member,
employee, or holder of more than five percent of the fair market value of the business. (3)
CANDIDATE. This term as used in this chapter shall have the same meaning ascribed to it in
Section 17-5-2. (4) COMMISSION. The State Ethics Commission. (5) COMPLAINT. Written allegation
or allegations that a violation of this chapter has occurred. (6) COMPLAINANT. A person who
alleges a violation or violations of this chapter by filing a complaint against a respondent.
(7) CONFIDENTIAL INFORMATION. A complaint filed pursuant to this...
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5-11A-12
Section 5-11A-12 Trust company authorized to purchase its own securities in fiduciary capacity.
A trust company or other financial institution with fiduciary powers may, in its fiduciary
capacity, purchase bonds or other securities underwritten or otherwise distributed by the
financial institution or by a syndicate which includes the financial institution or an affiliate
of the financial institution, provided such purchase is otherwise prudent and not prohibited
by the instrument governing the fiduciary relationship. The provisions of this section shall
apply to purchases of bonds or other securities made at the time of the initial offering thereof
or at any time thereafter. (Acts 1987, No. 87-826, p. 1674; Acts 1989, No. 89-520, p. 1067.)...

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5-12A-1
Section 5-12A-1 Definitions. As used in this chapter, the following terms shall have the following
meanings, respectively, unless the context clearly indicates otherwise: (1) TRUST INSTITUTION.
Any state bank, any national bank or any trust company authorized to act in a fiduciary capacity
in this state and under the supervision of the Comptroller of the Currency of the United States
or the Federal Reserve System, or the Superintendent of Banks of the State of Alabama. (2)
AFFILIATED TRUST INSTITUTION. A trust institution which, together with one or more other trust
institutions, are each owned or controlled by a bank holding company which is under the supervision
of the Board of Governors of the Federal Reserve System. (3) OWNED OR CONTROLLED. The ownership
by a bank holding company of stock possessions of at least 80 percent of the voting power
of all classes of stock and at least 80 percent of each class of the nonvoting stock (other
than nonvoting stock which is limited and...
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11-28-5
Section 11-28-5 Warrants to be legal investments for trust funds. Unless otherwise directed
by the court having jurisdiction thereof, or by 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, invest trust funds in warrants issued under
the provisions of this chapter. (Acts 1983, 1st Ex. Sess., No. 83-75, p. 78, §5; Acts 1983,
4th Ex. Sess., No. 83-921, p. 192, §1.)...
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11-9-25
Section 11-9-25 Investment of trust funds in warrants. Unless otherwise directed by the court
having jurisdiction thereof or by 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, invest trust funds in warrants issued under the provisions
of this article. (Acts 1973, No. 1128, p. 1901, §6.)...
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16-17-17
Section 16-17-17 Investments in bonds of authority. Unless otherwise directed by the court
having jurisdiction thereof or by 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 and other fiduciary funds in bonds of the authority. (Acts 1966, Ex.
Sess., No. 222, p. 325, §17.)...
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16-18-19
Section 16-18-19 Investments in bonds of authority. Unless otherwise directed by the court
having jurisdiction thereof, or by 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 and other fiduciary funds in bonds of the authority. (Acts 1966, Ex.
Sess., No. 221, p. 308, §19.)...
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22-27-25
Section 22-27-25 Investment of trust funds in warrants. Unless otherwise directed by the court
having jurisdiction thereof or by 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, invest trust funds in warrants issued under the provisions
of this article. (Acts 1971, No. 1197, p. 2068, §6.)...
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40-7-95
Section 40-7-95 Warrants to be legal investments for trust funds. Unless otherwise directed
by the court having jurisdiction thereof or by 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, invest trust funds in warrants issued under
the provisions of this division. (Acts 1973, No. 1092, p. 1855, §6.)...
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