Deposit of Security for a Operation of Trust Business - State Treasurer

Ala. Code § 5-11A-6 — under Title 5.

Ala. Code § 5-11A-6

to Decline Certain Bonds or Securities.

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.

History: (Acts 1980, No. 80-658, §5-11-6.)