Investment in Bonds by Executors, Trustees, Savings Banks, Etc.
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Law
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Code of Alabama
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Counties and Municipal Corporations.
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Provisions Applicable to Counties and Municipal Corporations.
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Municipal and County Bonds.
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Revenue Bonds for Waterworks, Gas, Sewer or Electric Systems.
- Investment in Bonds by Executors, Trustees, Savings Banks, Etc.
Section 11-81-177
Investment in bonds by executors, trustees, savings banks, etc.
Bonds issued under the provisions of this article are legal investments for executors, administrators, trustees and other fiduciaries and for savings banks and insurance companies organized under the laws of this state.
(Acts 1933, Ex. Sess., No. 102, p. 88; Code 1940, T. 37, §317.)
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