A bank or trust company duly authorized to exercise fiduciary powers through the operation of a trust department shall invest idle funds in each fiduciary account in accordance with the specific terms of the governing document.
Ala. Code § 19-4A-2
Investment in Accordance with Terms of Governing Document.
(Acts 1991, No. 91-129, p. 163, §1(b).)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.