Unless otherwise directed by the court having jurisdiction thereof and by the document which is the source of authority, a fiduciary may, with the exercise of reasonable business prudence, invest trust funds in securities of a hospital corporation for payment of the principal of, and interest on, which the proceeds of any ad valorem, excise, license or privilege tax are pledged.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 4 - County Hospital Boards and Corporations.
Division 2 - Hospital Corporations.
Section 22-21-100 - Definitions.
Section 22-21-101 - Designation as Agency to Operate, etc., Public Hospital Facilities.
Section 22-21-102 - Special County Tax - Payment to Hospital Corporation.
Section 22-21-103 - Special County Tax - Validation of Elections - Generally.
Section 22-21-109 - Issuance of Securities - Sale; Expenses, Etc.
Section 22-21-110 - Issuance of Securities - Investment of Trust Funds.
Section 22-21-111 - Issuance of Securities - Incontestability.
Section 22-21-112 - Issuance of Securities - Validation Prior to Issuance.