GroundRules
Ala. Code § 11-50-7: Provision in Purchase Agreement as to Franchise Right of Purchaser at Foreclosure Sale.
Where this section sits in the code
- Title 11 Counties and Municipal Corporations.
- Title 2 Provisions Applicable to Municipal Corporations Only.
- Chapter 50 Public Utilities.
- Article 1 General Provisions.
By the terms of purchase, it may be further provided that the purchaser at a foreclosure sale under such mortgage or deed of trust shall have a franchise for not exceeding 30 years to operate such plant.
Collected 2026-09-03T14:01:51Z. Source file · JSON