Section 41-10-767 - Bonds are legal investments. THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2016 FIRST SPECIAL SESSION, EFFECTIVE SEPTEMBER 8, 2016. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.

AL Code § 41-10-767 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Bonds issued by the authority are hereby made a legal investment for savings banks and insurance companies organized under the laws of the state and for trustees, executors, administrators, guardians, persons or organizations acting in a fiduciary capacity, unless otherwise directed by a court having jurisdiction or by a document providing fiduciary authority. Any governmental entity or public corporation is authorized, in its discretion, to invest any available funds in the bonds of the authority.