{"data":{"id":"us-al/ala.-code-22-21-110","jurisdiction":"us-al","citation":"Ala. Code § 22-21-110","heading":"Issuance of Securities - Investment of Trust Funds.","body":"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.","path":["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."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=22-21-110","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"c219bef74b1acb8111d6efc1313d491cb3ccc0196e6256223733cd67b3124df9","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-22-21-109","next":"us-al/ala.-code-22-21-111"},"notice":"GroundRules: Original legal text. Not legal advice."}