Ala. Code § 19-4A-1
Current through the 2024 Regular Session.
Idle funds are defined as collected income and principal cash balances received by a fiduciary and held awaiting investment in or distribution from a fiduciary account. As used in this chapter, the term "fiduciary account" shall mean any account for which the bank or trust company has investment responsibility.
Ala. Code § 19-4A-1 (1975)