Investment in Accordance with Terms of Governing Document

Ala. Code § 19-4A-2 — under Title 19.

Ala. Code § 19-4A-2

A bank or trust company duly authorized to exercise fiduciary powers through the operation of a trust department shall invest idle funds in each fiduciary account in accordance with the specific terms of the governing document.

History: (Acts 1991, No. 91-129, p. 163, §1(b).)