Code of Alabama - Title 19: Fiduciaries and Trusts - Chapter 4 - Securities Held by Fiduciaries

• Article 1 Deposit in Clearing Corporations.
• Section 19-4-1 Definitions
  When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) FIDUCIARY. An...
• Section 19-4-2 Deposit of securities authorized; merger, etc., of certificates representing securities; transfer of ownership, etc., of securities; maintenance of records by fiduciary; rules and regulations governing banks acting as fiduciaries; certification by fiduciary of securities deposited
  (a) Notwithstanding any other provision of law to the contrary, any fiduciary holding securities in a fiduciary capacity is authorized, in the absence of specific...
• Section 19-4-3 Applicability of provisions of article
  This article shall apply to all fiduciary accounts now in existence or hereafter established regardless of the date of the governing instrument or court order...
• Article 2 Banks Holding Securities in Bulk.
• Section 19-4-20 Definitions
  When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) FIDUCIARY. An...
• Section 19-4-21 Holding in bulk of securities constituting assets of different fiduciary accounts authorized; registration of securities; maintenance of records as to fiduciary accounts; rules and regulations governing banks; certification of securities held for fiduciary accounts
  (a) Notwithstanding any other provision of law to the contrary, any bank holding securities as a fiduciary, as a cofiduciary or as a custodian or...
• Section 19-4-22 Applicability of provisions of article
  This article shall apply to all fiduciary accounts now in existence or hereafter established regardless of the date of the governing instrument or court order...
• Article 3 Banks Holding Treasury Securities.
• Section 19-4-40 Definitions
  When used in this article, the following words and phrases shall have the following meanings, respectively, unless the context clearly indicates otherwise: (1) FIDUCIARY. An...
• Section 19-4-41 Deposit of treasury securities in federal reserve banks authorized; transfer of ownership, etc., of securities; maintenance of records as to fiduciary accounts; rules and regulations governing banks; certification of securities deposited for fiduciary accounts
  (a) Notwithstanding any other provision of law to the contrary, any bank holding treasury securities as a fiduciary, as a cofiduciary or as a custodian...
• Section 19-4-42 Applicability of provisions of article
  This article shall apply to all fiduciary accounts now in existence or hereafter established regardless of the date of the governing instrument or court order...

Last modified: May 3, 2021