The transfer of a bond, bill, or note given for the purchase money of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the lien of the vendor of the lands.
Ala. Code § 8-5-24
Effect of Transfer of Bill, Note, Etc., Given for Purchase Money of Lands.
Applied in 3 court decisions — leading case JLJ, Inc. v. Rush Building Co. (In re JLJ, Inc.) (1990)
Most recently applied in Summerlin v. Shellpoint Mortgage Services (February 2016)
(Code 1886, §1764; Code 1896, §878; Code 1907, §5160; Code 1923, §9236; Code 1940, T. 39, §205.)
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.