Alabama Code (Last Updated: November 28, 2014) |
Title43 WILLS AND DECEDENTS' ESTATES. |
Chapter2. ADMINISTRATION OF ESTATES. |
Article19. Insolvent Estates. |
Division1. General Provisions. |
§43-2-700. Order and preference of payment of debts.
Latest version.
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When the real and personal property of any decedent is insufficient for the payment of the debts, the proceeds arising from the sale thereof must be distributed as directed by section 43-2-371 in proportion to the amounts due to each class of creditors, in the order in such section specified.