Code of Alabama - Title 11: Counties and Municipal Corporations - Section 11-99A-49 - Investments in bonds

Section 11-99A-49 - Investments in bonds.

Bonds issued under this chapter are legal and authorized investments for banks, trust companies, savings and loan associations, savings banks, insurance companies, fiduciaries, trustees, guardians, and any public person. Bonds issued under this chapter may be security for deposits of public funds of any public person.

(Act 99-446, p. 1013, §1.)

Last modified: May 3, 2021