Section 22-21-110 - Issuance of securities - Investment of trust funds.

AL Code § 22-21-110 (2019) (N/A)
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Unless otherwise directed by the court having jurisdiction thereof and by the document which is the source of authority, a fiduciary may, with the exercise of reasonable business prudence, invest trust funds in securities of a hospital corporation for payment of the principal of, and interest on, which the proceeds of any ad valorem, excise, license or privilege tax are pledged.