GroundRules
Ala. Code § 22-21-79: Investment of Trust Funds in Corporation’s Securities.
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 1 Hospital Boards.
Unless otherwise directed by the court having jurisdiction thereof or 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 the 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