Unless otherwise directed by the court having jurisdiction thereof or 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 the 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.
Section 22-21-70 - Definitions.
Section 22-21-71 - Purpose and Construction of Division.
Section 22-21-72 - Incorporation - Application.
Section 22-21-74 - Incorporation - Certificate of Incorporation - Filing; Amendments.
Section 22-21-76 - Board of Directors.
Section 22-21-77 - Powers of Corporation.
Section 22-21-78 - Borrowing by Corporation.
Section 22-21-79 - Investment of Trust Funds in Corporation's Securities.
Section 22-21-80 - Taxation Exemptions.
Section 22-21-81 - Transfer of Hospitals and Funds by Counties or Municipalities.