Alabama § 33-5A-6 Proceeds of the Sale

Alabama Statutes

§ 33-5A-6 — Proceeds of the Sale

Alabama § 33-5A-6

Title 33Navigation and Watercourses

Ch. 5AAbandoned and Derelict Vessels

This text of Alabama § 33-5A-6 (Proceeds of the Sale) 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 § 33-5A-6 (2026).

Text

The proceeds of the sale of an abandoned or derelict vessel shall be distributed by the agency as follows:

(1)The reasonable fees and costs incurred in the seizure and sale of the vessel, including, but not limited to, removal and storage costs, court costs and filing fees, and advertisement and notification costs.

(2)Any outstanding security interest or debt attached to the vessel.

(3)The remaining balance, if any, shall be deposited into the Alabama Abandoned and Derelict Vessel Fund to be used by the agency for purposes of implementing and administering this chapter.

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The proceeds of the sale of an abandoned or derelict vessel shall be distributed by the agency as follows:
(1) The reasonable fees and costs incurred in the seizure and sale of the vessel, including, but not limited to, removal and storage costs, court costs and filing fees, and advertisement and notification costs.
(2) Any outstanding security interest or debt attached to the vessel.
(3) The remaining balance, if any, shall be deposited into the Alabama Abandoned and Derelict Vessel Fund to be used by the agency for purposes of implementing and administering this chapter.