Alabama Statutes
§ 43-2-417 — Resale Upon Failure of Purchaser to Comply with Terms; Liability for Deficiency
Alabama·Title 43 Wills and Decedents’ Estates·Ch. 2 Administration of Estates·Art. 16 Sale of Personal Property
If the purchaser fails to comply with the terms of the sale, the executor or administrator may again proceed to advertise and sell the property. If, on another and a completed sale, the property sells for a less sum than the amount bid at the former sale, the purchaser so in default is liable to the executor, administrator or any person damaged for the deficiency, and also the expense of the sale.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 43-2-417 (Resale Upon Failure of Purchaser to Comply with Terms; Liability for Deficiency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Code 1896, §149; Code 1907, §2613; Code 1923, §5840; Code 1940, T. 61, §235.)
Nearby Sections
15
§ 43-2-110
Limits of Liability Generally§ 43-2-113
Executor De Son Tort§ 43-2-114
Resignation as Defense§ 43-2-130
Venue; Service of Process§ 43-2-137
Action on Bond§ 43-2-138
Action by Legatee to Recover Legacy