Alabama Statutes
§ 43-2-700 — Order and Preference of Payment of Debts
Alabama·Title 43 Wills and Decedents’ Estates·Ch. 2 Administration of Estates·Art. 19 Insolvent Estates·Div. 1 General Provisions
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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Alabama § 43-2-700 (Order and Preference of Payment of Debts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.)
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