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Alabama Statutes

§ 8-5-24 — Effect of Transfer of Bill, Note, Etc., Given for Purchase Money of Lands

Alabama § 8-5-24
JurisdictionAlabama
Title 8Commercial Law and Consumer Protection
Ch. 5Nonnegotiable Instruments
Art. 2Assignments and Endorsements

This text of Alabama § 8-5-24 (Effect of Transfer of Bill, Note, Etc., Given for Purchase Money of Lands) 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 § 8-5-24 (2026).

Text

The transfer of a bond, bill, or note given for the purchase money of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the lien of the vendor of the lands.

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Related

Summerlin v. Shellpoint Mortgage Services
165 F. Supp. 3d 1099 (N.D. Alabama, 2016)
4 case citations
Associates of Selma, Inc. v. Whetstone
628 So. 2d 578 (Supreme Court of Alabama, 1993)
3 case citations
JLJ, Inc. v. Rush Building Co. (In re JLJ, Inc.)
115 B.R. 324 (N.D. Alabama, 1990)
2 case citations

Legislative History

(Code 1886, §1764; Code 1896, §878; Code 1907, §5160; Code 1923, §9236; Code 1940, T. 39, §205.)

Nearby Sections

15
§ 8-1-1
Contracts Restraining Business Void; Exceptions
§ 8-1-100
Consideration for Bidding or Not Bidding at Public Sale Prohibited
§ 8-1-101
Bids on Public Lands Under Agreement to Transfer Same Prohibited
§ 8-1-102
Contracts Violating Sections 8-1-100 and 8-1-101 Void
§ 8-1-103
Selling Improvements on Public Lands by Person Making Same
§ 8-1-120
Definitions
§ 8-1-121
Certain Contracts for Future Delivery Void; Exceptions
§ 8-1-122
Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract
§ 8-1-123
Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
§ 8-1-124
Contracts for Future Delivery of Cotton Not Made Subject to Federal Statutes Prima Facie Evidence of Void Contract
§ 8-1-125
Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Profit Intended to Be Paid in Money on Day of Delivery
§ 8-1-126
Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Price Based on Bona Fide Sales on Exchange or Board of Trade Without Making Execution on Exchange or Board of Trade
§ 8-1-127
Futures Contracts Made in Another State
§ 8-1-128
Establishing Office to Engage in Business of “Futures”
§ 8-1-129
Proof of Establishment of Place to Publish Commodities Information Prima Facie Evidence of Guilt
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Bluebook (online)
Alabama § 8-5-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/8-5-24.