Alabama Code 5-11A-6. Deposit of security for a operation of trust business – State Treasurer to decline certain bonds or securities
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Terms Used In Alabama Code 5-11A-6
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
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.