Statutes > Alabama Statutes > Title 43 — WILLS AND DECEDENTS' ESTATES. > Chapter 2 — ADMINISTRATION OF ESTATES. > Section 43-2-457 How purchase money secured.

Section 43-2-457 How purchase money secured.

Section 43-2-457

How purchase money secured.

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.

(Code 1852, §1763; Code 1867, §2089; Code 1876, §2461; Code 1886, §2117; Code 1896, §171; Code 1907, §2635; Code 1923, §5865; Code 1940, T. 61, §259.)