Ala. Code § 11-28-5

Current through the 2024 Regular Session.

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.

Ala. Code § 11-28-5 (1975)

Acts 1983, 1st Ex. Sess., No. 83-75, p. 78, §5; Acts 1983, 4th Ex. Sess., No. 83-921, p. 192, §1.