There is a newer version of the Code of Alabama
2016 Code of Alabama
Title 8 - COMMERCIAL LAW AND CONSUMER PROTECTION.
Chapter 5 - NONNEGOTIABLE INSTRUMENTS.
Article 2 - Assignments and Endorsements.
Section 8-5-24 - Effect of transfer of bill, note, etc., given for purchase money of lands.
AL Code § 8-5-24 (2016) What's This?
Section 8-5-24Effect of transfer of bill, note, etc., given for purchase money of lands. The transfer of a bond, bill, or note given for the purchase money of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the lien of the vendor of the lands.
(Code 1886, §1764; Code 1896, §878; Code 1907, §5160; Code 1923, §9236; Code 1940, T. 39, §205.)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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