Alabama § 5-11A-10 - Withdrawal of Bonds or Securities from Deposit with Trustees.
Full text of Alabama Code of Alabama § 5-11A-10 — Withdrawal of Bonds or Securities from Deposit with Trustees., with citation guidance and answers to common questions.
§ 5-11A-10. Withdrawal of Bonds or Securities from Deposit with Trustees.
All trust companies organized under the laws of this state which are now required by their charters to keep on deposit with trustees any bonds, stocks or other securities to be held subject to the payment of any judgment which may be rendered against said companies may, upon making a deposit of securities in accordance with the provisions of Section 5-11A-5 withdraw from the custody of said trustees said bonds, stocks or other securities so deposited with said trustees and shall not thereafter be required to maintain any such deposit with trustees, any provisions of the charter of said companies to the contrary notwithstanding.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-11A-10
What does Code of Alabama § 5-11A-10 cover?
Section 5-11A-10 ("Withdrawal of Bonds or Securities from Deposit with Trustees.") 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 § 5-11A-10?
A common citation format is "Code of Alabama § 5-11A-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 § 5-11A-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.