Code of Alabama
Article 2 - Assignments and Endorsements.
Section 8-5-24 - Effect of Transfer of Bill, Note, etc., Given for Purchase Money of Lands.

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.

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Structure Code of Alabama

Code of Alabama

Title 8 - Commercial Law and Consumer Protection.

Chapter 5 - Nonnegotiable Instruments.

Article 2 - Assignments and Endorsements.

Section 8-5-20 - Bonds, Contracts, Writings for Payment of Money, etc., Assignable by Endorsement.

Section 8-5-21 - Assignment of Future Wages Void.

Section 8-5-22 - Right to Assign Interest in Crops.

Section 8-5-23 - Property Injury Claims Against Railroads Assignable.

Section 8-5-24 - Effect of Transfer of Bill, Note, etc., Given for Purchase Money of Lands.

Section 8-5-25 - Contracts, Writings and Paper Circulated as Money Subject to Payments, Setoffs and Discounts Prior to Notice of Assignment.

Section 8-5-26 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Time for Bringing Action Against Maker; Issuance of Execution When Judgment Obtained; Proof of Inability of Maker to...

Section 8-5-27 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Extension or Waiver of Time for Bringing Action by Endorser or Assignor.

Section 8-5-28 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - When Holder of Contract Excused From Bringing Action, Obtaining Judgment, Etc.

Section 8-5-29 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Applicability of Sections 8-5-26 Through 8-5-28.

Section 8-5-30 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Costs Recoverable Against Assignor or Endorser.