Alabama § 43-8-227 Nonademption of Specific Devises in Certain Cases; Proceeds of Sale, Condemnation, Insurance or Foreclosure; Sale by Guardian or Curator

Alabama Statutes

§ 43-8-227 — Nonademption of Specific Devises in Certain Cases; Proceeds of Sale, Condemnation, Insurance or Foreclosure; Sale by Guardian or Curator

Alabama·Title 43 Wills and Decedents’ Estates·Ch. 8 Probate Code·Art. 8 Construction of Wills

(a)A specific devisee has the right to the remaining specifically devised property and:

(1)Any balance of the purchase price (together with any security interest) owing from a purchaser to the testator at death by reason of sale of the property;

(2)Any amount of a condemnation award for the taking of the property unpaid at death;

(3)Any proceeds unpaid at death on fire or casualty insurance on the property; and

(4)Property owned by testator at his or her death as a result of foreclosure, or obtained in lieu of foreclosure, of the security for a specifically devised obligation.

(b)If specifically devised property is sold by a guardian or curator, or if a condemnation award or insurance proceeds are paid to a guardian or curator as a result of condemnation, fire, or casualty, the speci

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(a) A specific devisee has the right to the remaining specifically devised property and:
(1) Any balance of the purchase price (together with any security interest) owing from a purchaser to the testator at death by reason of sale of the property;
(2) Any amount of a condemnation award for the taking of the property unpaid at death;
(3) Any proceeds unpaid at death on fire or casualty insurance on the property; and
(4) Property owned by testator at his or her death as a result of foreclosure, or obtained in lieu of foreclosure, of the security for a specifically devised obligation.
(b) If specifically devised property is sold by a guardian or curator, or if a condemnation award or insurance proceeds are paid to a guardian or curator as a result of condemnation, fire, or casualty, the specific devisee has the right to a general pecuniary devise equal to the net sale price, the condemnation award, or the insurance proceeds. This subsection does not apply if after the sale, condemnation, or casualty, it is adjudicated that the disability of the testator has ceased and the testator survives the adjudication by one year. The right of the specific devisee under this subsection is reduced by any right he or she had under subsection (a) of this section.

Alabama § 43-8-227 (Nonademption of Specific Devises in Certain Cases; Proceeds of Sale, Condemnation, Insurance or Foreclosure; Sale by Guardian or Curator) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.