Alabama Statutes
§ 43-2-457 — How Purchase Money Secured
Alabama·Title 43 Wills and Decedents’ Estates·Ch. 2 Administration of Estates·Art. 17 Renting and Sale of Real Estate·Div. 1 For Payment of Debts and for Division
The executor or administrator must secure the purchase money by taking notes or bonds of the purchaser, with sufficient sureties, or taking a purchase money mortgage.
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Alabama § 43-2-457 (How Purchase Money Secured) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Code 1852, §1763; Code 1867, §2089; Code 1876, §2461; Code 1886, §2117; Code 1896, §171; Code 1907, §2635; Code 1923, §5865; Code 1940, T. 61, §259.)
Nearby Sections
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§ 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