GroundRules
Ala. Code § 35-4-95: Effect of Loans of Personal Property Not in Writing.
Where this section sits in the code
- Title 35 Property.
- Chapter 4 Conveyances and Creation of Estates.
- Article 3 Recordation and Registration in General.
- Division 2 Recordation Necessary as to Purchasers, Mortgagees, and Judgment Creditors.
All loans of personal property, not in writing, vest an absolute estate in the person in possession under such loan, as to purchasers and creditors of such person, after three years from the commencement of such loan, unless within that time the lender commences a civil action, in good faith, for the recovery of the property.
Collected 2026-09-03T14:01:51Z. Source file · JSON