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Home » US Law » 2022 Code of Alabama » Title 43 - Wills and Decedents' Estates. » Chapter 2 - Administration of Estates. » Article 16 - Sale of Personal Property. » Section 43-2-420 – Assignment or Transfer of Mortgages, Notes or Accounts.

Section 43-2-420

Assignment or transfer of mortgages, notes or accounts.

Executors and administrators may assign and transfer by endorsement, without recourse or warranty, any mortgages, notes or accounts belonging to a decedent, provided he receives the full amount due thereon, and provided said mortgages, notes or accounts shall have been entered on the inventory returned to the court.

(Code 1923, §5835; Code 1940, T. 61, §238.)