Alternative financing contracts or any interest therein shall be a legal and authorized investment for banks, savings and loan associations, insurance companies, fiduciaries, and trustees.
Ala. Code § 41-16A-8
Investment Status of Contracts.
Known as the Alabama Governmental Leasing Act
The act spans §§ 41–41 (11 sections).
(Acts 1993, No. 93-261, p. 389, §8.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.