Section 19-4A-1 - Idle funds defined.

AL Code § 19-4A-1 (2019) (N/A)
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Idle funds are defined as collected income and principal cash balances received by a fiduciary and held awaiting investment in or distribution from a fiduciary account. As used in this chapter, the term "fiduciary account" shall mean any account for which the bank or trust company has investment responsibility.