§ 43-2-416 — When Bid Rejected and Sale Postponed

Alabama § 43-2-416

• Jurisdiction: Alabama
• Title 43: Wills and Decedents’ Estates
• Ch. 2: Administration of Estates
• Art. 16: Sale of Personal Property

Text

When the highest amount bid for the property, or any part thereof, is, in the opinion of the executor or administrator, greatly less than its fair value, he or she may withdraw the property and postpone the sale.

Legislative History

(Code 1896, §148; Code 1907, §2612; Code 1923, §5839; Code 1940, T. 61, §234.)