Bonds issued under the provisions of this article are legal investments for executors, administrators, trustees and other fiduciaries and for savings banks and insurance companies organized under the laws of this state.
Ala. Code § 11-81-177
Investment in Bonds by Executors, Trustees, Savings Banks, Etc.
(Acts 1933, Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.