Ala. Code § 5-11A-6

Current through the 2024 Regular Session.

Section 5-11A-6 - Deposit of security for a operation of trust business - State Treasurer to decline certain bonds or securities

The State Treasurer shall decline to receive bonds or other securities of a market value less than par and may, in his discretion, decline to receive any bonds or other securities that he considers unsafe or unsuitable for the purpose.

Ala. Code § 5-11A-6 (1975)

Acts 1980, No. 80-658, §5-11-6.