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Alabama · Through Act 2026-611

Ala. Code § 19-4A-5: Investment in Timely Manner; No Obligation to Invest Funds Less Than $1,000.

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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.

In the absence of specific instructions in the governing document, the fiduciary shall invest idle funds in each fiduciary account in a timely manner consistent with the technology employed by the fiduciary but not to exceed 10 business days after the receipt of collected funds; provided, however, that there shall be no obligation or requirement to invest idle funds in an amount less than $1,000.00 per each fiduciary account.

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

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