Unless otherwise directed by the court having jurisdiction thereof, or by the will, trust agreement or other document which is the source of authority, any trustee, executor, administrator, guardian or one acting in any other fiduciary capacity, may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in the tax anticipation bonds, warrants, certificates of indebtedness or other security heretofore or hereafter issued by any county pursuant to Constitutional Amendment No. 76.
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.