Ala. Code § 11-99A-49
Current with legislation from 2024 effective through July 1, 2024.
Bonds issued under this chapter are legal and authorized investments for banks, trust companies, savings and loan associations, savings banks, insurance companies, fiduciaries, trustees, guardians, and any public person. Bonds issued under this chapter may be security for deposits of public funds of any public person.
Ala. Code § 11-99A-49 (1975)