Alabama Code (Last Updated: November 28, 2014) |
Title43 WILLS AND DECEDENTS' ESTATES. |
Chapter2. ADMINISTRATION OF ESTATES. |
Article16. Sale of Personal Property. |
§43-2-420. Assignment or transfer of mortgages, notes or accounts.
Latest version.
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Executors and administrators may assign and transfer by endorsement, without recourse or warranty, any mortgages, notes or accounts belonging to a decedent, provided he receives the full amount due thereon, and provided said mortgages, notes or accounts shall have been entered on the inventory returned to the court.