Section 5-11A-6 - Deposit of security for a operation of trust business - State Treasurer to decline certain bonds or securities.
AL Code § 5-11A-6 (2019) (N/A)
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The State Treasurer shall decline to receive bonds or other securities of a market value less than par and may, in his discretion, decline to receive any bonds or other securities that he considers unsafe or unsuitable for the purpose.