Alabama § 43-2-626 Division, Sale or Assignment of Judgments or Claims

Alabama Statutes

§ 43-2-626 — Division, Sale or Assignment of Judgments or Claims

Alabama·Title 43 Wills and Decedents’ Estates·Ch. 2 Administration of Estates·Art. 18 Settlements and Distributions·Div. 6 Distribution or Division on Final Settlement

(a)Any judgments or claims in favor of the estate, which are not collected at the time of final distribution, may be divided among the persons entitled, on final distribution; or, if such division cannot be equitably made, may be sold as other personal property.

(b)The executor or administrator must assign any such judgment or claim to the distributee, legatee or purchaser, as the case may be; and such person is entitled to collect the same by civil action or otherwise.

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(a) Any judgments or claims in favor of the estate, which are not collected at the time of final distribution, may be divided among the persons entitled, on final distribution; or, if such division cannot be equitably made, may be sold as other personal property.
(b) The executor or administrator must assign any such judgment or claim to the distributee, legatee or purchaser, as the case may be; and such person is entitled to collect the same by civil action or otherwise.

Alabama § 43-2-626 (Division, Sale or Assignment of Judgments or Claims) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Code 1852, §§1799, 1800; Code 1867, §§2126, 2127; Code 1876, §§2503, 2504; Code 1886, §§2169, 2170; Code 1896, §§237, 238; Code 1907, §§2720, 2721; Code 1923, §§5958, 5959; Code 1940, T. 61, §§358, 359.)