Code of Alabama - Title 41: State Government - Section 41-10-504 - Bonds of authority eligible for investment of trust funds
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Section 41-10-504 - Bonds of authority eligible for investment of trust funds.
Any trust fund, where the investment thereof is permitted or required by law, may be invested in bonds issued by the authority. Unless otherwise directed by the court having jurisdiction thereof or the document which 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 funds in the bonds of the authority.
(Acts 1990, No. 90-603, p. 1094, §15.)
Sections: 41-10-497 41-10-498 41-10-499 41-10-500 41-10-501 41-10-502 41-10-503 41-10-504 41-10-505 41-10-506 41-10-507 41-10-508 41-10-509 41-10-510 41-10-511
Last modified: February 19, 2012
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