Executors and administrators may assign and transfer by endorsement, without recourse or warranty, any mortgages, notes, or accounts belonging to a decedent, provided he or she receives the full amount due thereon, and provided said mortgages, notes, or accounts shall have been entered on the inventory returned to the court.
Ala. Code § 43-2-420
Assignment or Transfer of Mortgages, Notes or Accounts.
(Code 1923, §5835; Code 1940, T. 61, §238.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.