Alabama Statutes

§ 11-50-7 — Provision in Purchase Agreement as to Franchise Right of Purchaser at Foreclosure Sale

Alabama·Title 11 Counties and Municipal Corporations·Ch. 50 Public Utilities·Art. 1 General Provisions

By the terms of purchase, it may be further provided that the purchaser at a foreclosure sale under such mortgage or deed of trust shall have a franchise for not exceeding 30 years to operate such plant.

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Alabama § 11-50-7 (Provision in Purchase Agreement as to Franchise Right of Purchaser at Foreclosure Sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Code 1907, §1263; Code 1923, §2005; Code 1940, T. 37, §366.)

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