Esheria Esheria Statutes
Ask AI Sign in

United States — Alabama Act or statute

United States — Alabama legislation

Section 9-14F-14 Use of Bonds.

The bonds and their income are generally exempt from state and local taxation, except inheritance, estate, and gift taxes. The bonds may also be used as security, and certain fiduciaries may invest trust funds in them if…

bond taxationcollateralfiduciary investment
Jurisdiction
United States — Alabama
Structure
1 provisions
Dates
Legal dates not recorded

Publicly available, excluded from search-engine indexing

This page remains available for direct research for the following reasons:

  • The record does not meet this release's canonical indexing criteria. (market-indexing-disabled)
  • The record does not meet this release's canonical indexing criteria. (emergency-noindex)
On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“The bonds and their income are generally exempt from state and local taxation, except inheritance, estate, and gift taxes. The bonds may also be used as security, and certain fiduciaries may invest trust funds in them if court or source documents do not direct otherwise.”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

02

How the instrument operates

  1. 01

    Start with the recorded version

    Legal dates not recorded. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 04

    Verify currency and official wording

    Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

03

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

Section 9-14F-14 Use of Bonds.

The bonds and their income are generally exempt from state and local taxation, except inheritance, estate, and gift taxes. The bonds may also be used as security, and certain fiduciaries may invest trust funds in them if court or source documents do not direct…

Document — Section 9-14F-14 Use of Bonds.

04

Source and current-law status

Source record view

Source record from alison.legislature.state.al.us · Legal dates not recorded

Verify current force

The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 1 of 1 provisions

Provision
§ —Section 9-14F-14 Use of Bonds.Provision

The bonds and their income are generally exempt from state and local taxation, except inheritance, estate, and gift taxes. The bonds may also be used as security, and certain fiduciaries may invest trust funds in them if court or source documents do not direct otherwise.

All bonds, including refunding bonds, issued pursuant to this chapter, and the income therefrom, including the interest income thereon, shall be free from all taxation by the state or any county, municipality, or other political subdivision or instrumentality of the state, excepting inheritance, estate, and gift taxes. Any bonds issued by the authority may be used by the holder thereof as security for any funds belonging to the state or to any instrumentality or agency of the state in any instance where security for such deposits may be required by law. Unless otherwise directed by the court having jurisdiction thereof, or by the document that is the source of authority, a trustee, executor, administrator, guardian, or person acting in any other fiduciary capacity may, in addition to any other investment powers conferred by law and with the exercise of reasonable business prudence, invest trust and other fiduciary funds in bonds of the authority.
Document — Section 9-14F-14 Use of Bonds.Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • Undated version · currentEnglish

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.