Ala. Code § 19-4A-1: Idle Funds Defined.
Where this section sits in the code
- Title 19 Fiduciaries and Trusts.
- 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