Ala. Code § 43-2-457

Current with legislation from 2024 effective through July 1, 2024.

Section 43-2-457 - How 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.

Ala. Code § 43-2-457 (1975)

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.