Alabama § 33-5A-6 - Proceeds of the Sale.
Full text of Alabama Code of Alabama § 33-5A-6 — Proceeds of the Sale., with citation guidance and answers to common questions.
§ 33-5A-6. Proceeds of the Sale.
The proceeds of the sale of an abandoned or derelict vessel shall be distributed by the agency as follows:
(1) The reasonable fees and costs incurred in the seizure and sale of the vessel, including, but not limited to, removal and storage costs, court costs and filing fees, and advertisement and notification costs.
(2) Any outstanding security interest or debt attached to the vessel.
(3) The remaining balance, if any, shall be deposited into the Alabama Abandoned and Derelict Vessel Fund to be used by the agency for purposes of implementing and administering this chapter.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 33-5A-6
What does Code of Alabama § 33-5A-6 cover?
Section 33-5A-6 ("Proceeds of the Sale.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 33-5A-6?
A common citation format is "Code of Alabama § 33-5A-6" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 33-5A-6 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.