Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 12A - Administration, etc., of Common Trust Funds.

Section 5-12A-1 - Definitions. - As used in this chapter, the following terms shall have...

Section 5-12A-2 - Trust Institutions May Establish, etc., Common Trust Funds. - Any trust institution may establish, maintain and administer one or...

Section 5-12A-3 - Investments by Trust Institutions. - Any trust institution, in its capacity as fiduciary or cofiduciary,...

Section 5-12A-4 - Common Trust Fund Plan. - Each common trust fund shall be established and maintained in...

Section 5-12A-5 - Amendment of Plan. - The plan may be amended from time to time by...

Section 5-12A-6 - Control of Investments by Instrument Under Which Trust Institution Acts. - If the instrument under which a trust institution acts as...

Section 5-12A-7 - Investment of Estate Moneys in Fund; Withdrawals. - The trust institution shall invest the moneys of an estate...

Section 5-12A-8 - Record of Fiduciary Accounts Owning Interest in Fund; Extent of Interest. - The trust institution shall designate clearly upon its records the...

Section 5-12A-9 - Annual Audit. - At least once during each period of 12 months, the...

Section 5-12A-10 - Quarterly Valuation of Securities in Fund. - No less frequently than once during each period of three...

Section 5-12A-11 - Management and Control of Fund; Ownership of Assets. - The trust institution shall have the exclusive management and control...

Section 5-12A-12 - Mistakes in Administration of Fund. - No mistake made in good faith and in the exercise...

Section 5-12A-13 - Administration, etc., of Common Trust Funds Differing From Funds Permitted by This Chapter. - Nothing contained in this chapter shall prohibit a trust institution,...

Section 5-12A-14 - Accountings. - Unless ordered by a court of competent jurisdiction, a trust...

Section 5-12A-15 - Taxation. - A common trust fund, whether established, maintained, and administered pursuant...