§ 35-4-343 — Vendor’s Lien, Etc

Alabama § 35-4-343

• Jurisdiction: Alabama
• Title 35: Property
• Ch. 4: Conveyances and Creation of Estates
• Art. 14: Conveyances by Literary or Social Societies, Etc

Text

Nothing in this article shall prevent any literary society, social society, Young Men’s Christian Association, or Young Women’s Christian Association from retaining a vendor’s lien on the property conveyed, nor from taking a mortgage to secure the balance of the purchase money nor from making an agreement as to the payment of the purchase money and the conditions of the sale.

Legislative History

(Acts 1923, No. 374, p. 397; Code 1923, §6953; Code 1940, T. 47, §43.)