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Alabama · Through Act 2026-611

Ala. Code § 19-4A-1: Idle Funds Defined.

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Where this section sits in the code
  1. Title 19 Fiduciaries and Trusts.
  2. Chapter 4A Idle Funds in Fiduciary Accounts.

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.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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