There is a newer version of the Code of Alabama
2014 Code of Alabama
Title 43 - WILLS AND DECEDENTS' ESTATES.
Chapter 2 - ADMINISTRATION OF ESTATES.
Section 43-2-457 - How purchase money secured.
AL Code § 43-2-457 (2014) What's This?
Section 43-2-457How purchase money secured. The executor or administrator must secure the purchase money by taking notes or bonds of the purchaser, with sufficient sureties, or taking a purchase money mortgage.
(Code 1852, §1763; Code 1867, §2089; Code 1876, §2461; Code 1886, §2117; Code 1896, §171; Code 1907, §2635; Code 1923, §5865; Code 1940, T. 61, §259.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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