GroundRules
Ala. Code § 8-5-24: Effect of Transfer of Bill, Note, Etc., Given for Purchase Money of Lands.
Where this section sits in the code
- Title 8 Commercial Law and Consumer Protection.
- Chapter 5 Nonnegotiable Instruments.
- Article 2 Assignments and Endorsements.
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.
Collected 2026-09-03T14:01:52Z. Source file · JSON