Code of Alabama - Title 43: Wills and Decedents' Estates - Section 43-2-457 - How purchase money secured

Section 43-2-457 - How purchase money secured.

The executor or administrator must secure the purchase money by taking notes or bonds of the purchaser, with sufficient sureties, or taking a purchase money mortgage.

(Code 1852, §1763; Code 1867, §2089; Code 1876, §2461; Code 1886, §2117; Code 1896, §171; Code 1907, §2635; Code 1923, §5865; Code 1940, T. 61, §259.)

Last modified: May 3, 2021