Alabama § 35-12-5 Sale

Alabama Statutes

§ 35-12-5 — Sale

Alabama § 35-12-5

Title 35Property

Ch. 12Lost or Unclaimed Property

Art. 1General Provisions

This text of Alabama § 35-12-5 (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 § 35-12-5 (2026).

Text

(a)The finder of a thing may sell it, if it is a thing which is commonly the subject of sale, when the owner cannot, with reasonable diligence, be found, or, being found, refuses upon demand to pay the lawful charges of the finder in the following cases:

(1)When the thing is in danger of perishing, or losing the greater part of its value; or,

(2)When the lawful charges of the finder amount to two thirds of its value.

(b)A sale under the provisions of subsection (a) of this section must be made in the same manner as the sale of a thing pledged.

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(a) The finder of a thing may sell it, if it is a thing which is commonly the subject of sale, when the owner cannot, with reasonable diligence, be found, or, being found, refuses upon demand to pay the lawful charges of the finder in the following cases:
(1) When the thing is in danger of perishing, or losing the greater part of its value; or,
(2) When the lawful charges of the finder amount to two thirds of its value.
(b) A sale under the provisions of subsection (a) of this section must be made in the same manner as the sale of a thing pledged.