GroundRules
Ala. Code § 22-21-110: Issuance of Securities - Investment of Trust Funds.
Where this section sits in the code
- Title 22 Health, Mental Health, and Environmental Control.
- Title 1 Health and Environmental Control Generally.
- Chapter 21 Hospitals and Other Health Care Facilities Generally.
- Article 4 County Hospital Boards and Corporations.
- Division 2 Hospital Corporations.
Unless otherwise directed by the court having jurisdiction thereof and by the document which is the source of authority, a fiduciary may, with the exercise of reasonable business prudence, invest trust funds in securities of a hospital corporation for payment of the principal of, and interest on, which the proceeds of any ad valorem, excise, license or privilege tax are pledged.
Collected 2026-09-03T14:01:51Z. Source file · JSON