No less frequently than once during each period of three months, the trust institution administering a common trust fund shall determine the value of the securities in the common trust fund as of the dates set for the valuation thereof. No participation shall be admitted to or withdrawn from the common trust fund, except (i) on the basis of such valuation and (ii) as of such valuation date.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 12A - Administration, etc., of Common Trust Funds.
Section 5-12A-1 - Definitions.
Section 5-12A-2 - Trust Institutions May Establish, etc., Common Trust Funds.
Section 5-12A-3 - Investments by Trust Institutions.
Section 5-12A-4 - Common Trust Fund Plan.
Section 5-12A-5 - Amendment of Plan.
Section 5-12A-6 - Control of Investments by Instrument Under Which Trust Institution Acts.
Section 5-12A-7 - Investment of Estate Moneys in Fund; Withdrawals.
Section 5-12A-8 - Record of Fiduciary Accounts Owning Interest in Fund; Extent of Interest.
Section 5-12A-9 - Annual Audit.
Section 5-12A-10 - Quarterly Valuation of Securities in Fund.
Section 5-12A-11 - Management and Control of Fund; Ownership of Assets.
Section 5-12A-12 - Mistakes in Administration of Fund.