Ala. Code § 19-4A-2

Current through the 2024 Regular Session.

Section 19-4A-2 - Investment in accordance with terms of governing document

A bank or trust company duly authorized to exercise fiduciary powers through the operation of a trust department shall invest idle funds in each fiduciary account in accordance with the specific terms of the governing document.

Ala. Code § 19-4A-2 (1975)

Acts 1991, No. 91-129, p. 163, §1(b).