§ 43-2-420 — Assignment or Transfer of Mortgages, Notes or Accounts

Alabama § 43-2-420

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

Text

Executors and administrators may assign and transfer by endorsement, without recourse or warranty, any mortgages, notes, or accounts belonging to a decedent, provided he or she receives the full amount due thereon, and provided said mortgages, notes, or accounts shall have been entered on the inventory returned to the court.

Legislative History

(Code 1923, §5835; Code 1940, T. 61, §238.)