Alabama § 26-8-51 Sale of Property to Effect Removal Thereof from State - Disposition of Proceeds from Sale; Compensation of Commissioner

Alabama Statutes

§ 26-8-51 — Sale of Property to Effect Removal Thereof from State - Disposition of Proceeds from Sale; Compensation of Commissioner

Alabama § 26-8-51

Title 26Infants and Incompetents

Ch. 8Removal of Person or Property of Minors and Wards

Art. 3Removal to Another State

This text of Alabama § 26-8-51 (Sale of Property to Effect Removal Thereof from State - Disposition of Proceeds from Sale; Compensation of Commissioner) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 26-8-51 (2026).

Text

The commissioner must, as soon as practicable after the receipt of the purchase money for the property sold by him or her, pay the same to the judge of probate or register or clerk, as the case may be, of the court ordering the sale, and such money must be retained and safely kept by such judge or register or clerk until the sale has been duly confirmed or vacated. If the sale is vacated, the purchase money must be, by such judge or register or clerk, returned to the purchaser. If the sale is confirmed, such money must be by such officer paid over to the foreign conservator entitled to receive the same, after deducting therefrom the costs and expenses attending the sale, including compensation to the commissioner in the amount of two and one-half percent upon the proceeds of such sale, but

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The commissioner must, as soon as practicable after the receipt of the purchase money for the property sold by him or her, pay the same to the judge of probate or register or clerk, as the case may be, of the court ordering the sale, and such money must be retained and safely kept by such judge or register or clerk until the sale has been duly confirmed or vacated. If the sale is vacated, the purchase money must be, by such judge or register or clerk, returned to the purchaser. If the sale is confirmed, such money must be by such officer paid over to the foreign conservator entitled to receive the same, after deducting therefrom the costs and expenses attending the sale, including compensation to the commissioner in the amount of two and one-half percent upon the proceeds of such sale, but in no case more than $100.