Alabama § 19-3-126 - Tax Anticipation Bonds, Etc., of Certain Counties.
Full text of Alabama Code of Alabama § 19-3-126 — Tax Anticipation Bonds, Etc., of Certain Counties., with citation guidance and answers to common questions.
§ 19-3-126. Tax Anticipation Bonds, Etc., of Certain Counties.
Unless otherwise directed by the court having jurisdiction thereof, or by the will, trust agreement or other document which is the source of authority, any trustee, executor, administrator, guardian or one acting in any other fiduciary capacity, may, with the exercise of reasonable business prudence, in addition to any other investments now permitted by law, invest funds in the tax anticipation bonds, warrants, certificates of indebtedness or other security heretofore or hereafter issued by any county pursuant to Constitutional Amendment No. 76.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 19-3-126
What does Code of Alabama § 19-3-126 cover?
Section 19-3-126 ("Tax Anticipation Bonds, Etc., of Certain Counties.") 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 § 19-3-126?
A common citation format is "Code of Alabama § 19-3-126" (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 § 19-3-126 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.