Alabama Statutes
§ 18-1A-172 — Fair Market Value Defined
The fair market value as used in this chapter shall be defined as the price the property would bring when offered for sale by a willing seller who is not forced to sell and which is sought by a willing buyer who is not required to buy, after due consideration of all the elements affecting value.
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Legislative History
(Acts 1985, No. 85-548, p. 802, §1003.)
Nearby Sections
15
§ 18-1A-1
Short Title§ 18-1A-130
Discovery and Pretrial Conferences§ 18-1A-153
Burden of Proof§ 18-1A-172
Fair Market Value Defined§ 18-1A-174
Highest and Best Use, a Jury Issue