Alabama Code (Last Updated: November 28, 2014) |
Title43 WILLS AND DECEDENTS' ESTATES. |
Chapter2. ADMINISTRATION OF ESTATES. |
Article17. Renting and Sale of Real Estate. |
Division1. For Payment of Debts and for Division. |
§43-2-457. How purchase money secured.
Latest version.
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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.