Ala. Code § 27-31-12
Current with legislation from 2024 effective through May 17, 2024.
In lieu of the bond required under Section 27-31-11, the attorney may maintain on deposit with the State Treasurer, through the office of the commissioner, a like amount in cash or in value of securities qualified for deposit under Section 27-6-3, and subject to the same conditions as the bond.
Ala. Code § 27-31-12 (1975)