Bonds issued under this chapter are legal and authorized investments for banks, trust companies, savings and loan associations, savings banks, insurance companies, fiduciaries, trustees, guardians, and any public person. Bonds issued under this chapter may be security for deposits of public funds of any public person.
Ala. Code § 11-99A-49
Investments in Bonds.
Known as the Alabama Improvement District Act
The act spans §§ 11-99A-1 to 11-99A-9 (52 sections).
(Act 99-446, p. 1013, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.