It shall be lawful for trustees, executors, administrators, guardians and other fiduciaries, the State of Alabama and any of its departments, boards, institutions and agencies, and the municipalities, counties and other political subdivisions of the state to invest their funds and the moneys in their custody or possession eligible for investment in notes or bonds secured by mortgage or trust deed insured by the Secretary of Housing and Urban Development or his predecessor officer pursuant to the laws and regulations governing the insurance of such as now constituted or as hereafter amended and in debentures issued by such official.
Structure Code of Alabama
Title 19 - Fiduciaries and Trusts.
Article 6 - Investment of Trust Estate.
Section 19-3-120 - Classes of Authorized Investments; Repeal of Conflicting Statutes.
Section 19-3-120.2 - Standards for Fiduciary Investment and Management.
Section 19-3-121 - Interest-Bearing Warrants.
Section 19-3-122 - Securities Issued or Insured by Secretary of Housing and Urban Development.
Section 19-3-123 - Mortgages Insured by Secretary of Housing and Urban Development - Investment.
Section 19-3-124 - Mortgages Insured by Secretary of Housing and Urban Development - Sale, Etc.
Section 19-3-125 - Life, Endowment, or Annuity Contracts.
Section 19-3-126 - Tax Anticipation Bonds, etc., of Certain Counties.
Section 19-3-127 - Bonds of Tennessee Valley Authority.
Section 19-3-129 - General Rules of Law Govern Trustee's Liability.
Section 19-3-130 - Investment Outside State.