GroundRules
Ala. Code § 5-11A-6: Deposit of Security for a Operation of Trust Business - State Treasurer to Decline Certain Bonds or Securities.
Where this section sits in the code
- Title 5 Banks and Financial Institutions.
- Chapter 11A Regulation of Trust Business of Banks and Trust Companies.
- Article 1 General Provisions.
The State Treasurer shall decline to receive bonds or other securities of a market value less than par and may, in his discretion, decline to receive any bonds or other securities that he considers unsafe or unsuitable for the purpose.
Collected 2026-09-03T14:01:52Z. Source file · JSON