Bonds issued under the provisions of this article are hereby made legal investments for executors, administrators, trustees, and other fiduciaries and for savings banks and insurance companies organized under the laws of the state.
Ala. Code § 41-10-101
Investment in Bonds of Corporation by Savings Banks, Insurance Companies, Trustees, Etc.
Known as the State Products Mart and Coliseum Authority Act
The act spans §§ 41-10-100 to 41-10-99 (30 sections).
(Acts 1965, 1st Ex
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.