2020 Code of Alabama
Title 35 - Property.
Chapter 13 - Salvage.
Section 35-13-5 - Compensation of Taker.
Section 35-13-5
Compensation of taker.
(a) The taker is entitled to 10 percent on the appraised value of each bale of cotton and on other property as follows: 25 percent on all under $30.00; between $30.00 and $100.00, 20 percent; between $100.00 and $500.00, 15 percent; between $500.00 and $1,000.00, 10 percent; and on all over $1,000.00, five percent.
(b) The taker is also entitled to the court fees paid by him, the expenses of the advertisement, if published in a newspaper, and reasonable compensation for the keeping, if necessary to preserve the property from loss or injury, to be ascertained as in the case of estrays.
(Code 1852, §§2082, 2083; Code 1867, §§2474, 2475; Code 1876, §§2870, 2871; Code 1886, §§3289, 3290; Code 1896, §§3532, 3533; Code 1907, §§5851, 5852; Code 1923, §§10165, 10166; Code 1940, T. 47, §§264, 265.)
