The State Treasurer shall decline to receive bonds or other securities of a market value less than par and may, in his discretion, decline to receive any bonds or other securities that he considers unsafe or unsuitable for the purpose.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 11A - Regulation of Trust Business of Banks and Trust Companies.
Article 1 - General Provisions.
Section 5-11A-2 - Written Approval of Superintendent to Conduct Trust Business.
Section 5-11A-3 - Capital Stock Requirements for Trust Companies.
Section 5-11A-4 - Use of Word "Trust" in Designation or Name of Entity.
Section 5-11A-8 - Sale of Bonds or Securities for Satisfaction of Judgment Against Trust Company.
Section 5-11A-10 - Withdrawal of Bonds or Securities From Deposit With Trustees.
Section 5-11A-12 - Trust Company Authorized to Purchase Its Own Securities in Fiduciary Capacity.