Bonds issued under the provisions of this article are hereby made legal investments for executors, administrators, trustees, and other fiduciaries and for savings banks and insurance companies organized under the laws of the state. (Acts 1965, 1st Ex. Sess., No. 174, p. 224, §25.)
Investment in Bonds of Corporation by Savings Banks, Insurance Companies, Trustees, Etc
Ala. Code § 41-10-101, under State Products Mart and Coliseum Authorities.
Ala. Code § 41-10-101