Alabama § 14-2-18 - Bonds - Security for Deposit of Governmental Funds.
Full text of Alabama Code of Alabama § 14-2-18 — Bonds - Security for Deposit of Governmental Funds., with citation guidance and answers to common questions.
§ 14-2-18. Bonds - Security for Deposit of Governmental Funds.
Any bonds issued by the authority may be used by the holders thereof as security for deposits of any funds belonging to the state or to any instrumentality, agency or political subdivision of the state in any instance where security for such deposits may be required or permitted by law.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 14-2-18
What does Code of Alabama § 14-2-18 cover?
Section 14-2-18 ("Bonds - Security for Deposit of Governmental Funds.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 14-2-18?
A common citation format is "Code of Alabama § 14-2-18" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 14-2-18 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.