Alabama § 43-2-700 Order and Preference of Payment of Debts

Alabama Statutes

§ 43-2-700 — Order and Preference of Payment of Debts

Alabama § 43-2-700

JurisdictionAlabama

Title 43Wills and Decedents’ Estates

Ch. 2Administration of Estates

Art. 19Insolvent Estates

Div. 1General Provisions

This text of Alabama § 43-2-700 (Order and Preference of Payment of Debts) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 43-2-700 (2026).

Text

When the real and personal property of any decedent is insufficient for the payment of the debts, the proceeds arising from the sale thereof must be distributed as directed by Section 43-2-371 in proportion to the amounts due to each class of creditors, in the order in such section specified.

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Legislative History

(Code 1852, §1828; Code 1867, §2177; Code 1876, §2549; Code 1886, §2222; Code 1896, §290; Code 1907, §2755; Code 1923, §5994; Code 1940, T. 61, §381.)