Code of Alabama - Title 19: Fiduciaries and Trusts - Section 19-4A-2 - Investment in accordance with terms of governing document

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.

(Acts 1991, No. 91-129, p. 163, §1(b).)

Last modified: May 3, 2021