Alabama § 27-41-10 - Particular Investments - Bonds, Etc., Issued by States, Counties, Municipalities, Etc., to Provide Funds for Public Projects, Etc.
Full text of Alabama Code of Alabama § 27-41-10 — Particular Investments - Bonds, Etc., Issued by States, Counties, Municipalities, Etc., to Provide Funds for Public Projects, Etc., with citation guidance and answers to common questions.
§ 27-41-10. Particular Investments - Bonds, Etc., Issued by States, Counties, Municipalities, Etc., to Provide Funds for Public Projects, Etc.
An insurer may invest in bonds and other evidences of indebtedness which are obligations of any state, county, city, town, village, municipality, district, or other political subdivision of any state or of any instrumentality or board thereof or of the United States of America issued to provide funds for public projects, or for refunding of bonds issued for such purposes, which are revenue producing and self-supporting if such obligations are secured by a lien on such revenues to pay principal and interest and the issuing body is required to charge adequate rates for the services so provided to pay all charges against the project, including principal and interest on all indebtedness outstanding against the project.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-41-10
What does Code of Alabama § 27-41-10 cover?
Section 27-41-10 ("Particular Investments - Bonds, Etc., Issued by States, Counties, Municipalities, Etc., to Provide Funds for Public Projects, Etc.") 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 § 27-41-10?
A common citation format is "Code of Alabama § 27-41-10" (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 § 27-41-10 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.