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Ala. Code § 6-6-788

Status of Receiver.

Known as the Alabama Uniform Commercial Real Estate Receivership Act

The act spans §§ 6-6-780 to 6-6-807 (28 sections).

(Act 2024-380, §9.)

(a) On appointment of a receiver, the receiver has the status of a lien creditor under Article 9A of Title 7, as to receivership property that is personal property or fixtures.

(b) On appointment of a receiver, the receiver has the status of a purchaser for value and without notice under Section 35-4-90(a) as to receivership property that is real property.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.