Upon the filing of any complaint as provided in these sections and paying into court the amount of purchase money and the interest necessary for redemption and all lawful charges, if the written statement thereof has been furnished or, if not furnished, offering to pay such debt or purchase price and all lawful charges, the circuit court shall take jurisdiction thereof and settle and adjust all the rights and equities of the parties, as provided in this article.
Ala. Code § 6-5-256
Settlement and Adjustment of Rights and Equities by Circuit Court When Complaint Filed.
Applied in 1 court decision — leading case First Financial Bank v. Cs Assets, LLC (2010)
Most recently applied in First Financial Bank v. Cs Assets, LLC (January 2010)
(Acts 1988, No. 88-441, p. 647, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.