Alabama § 8-9-8 - When General Assignment or Conveyance of Substantially All Property by Debtor Inures to Benefit of All Creditors Equally.
Full text of Alabama Code of Alabama § 8-9-8 — When General Assignment or Conveyance of Substantially All Property by Debtor Inures to Benefit of All Creditors Equally., with citation guidance and answers to common questions.
§ 8-9-8. When General Assignment or Conveyance of Substantially All Property by Debtor Inures to Benefit of All Creditors Equally.
(a) Every general assignment made by a debtor or a conveyance by a debtor of substantially all of his property subject to execution in payment of a prior debt by which a preference or priority of payment is given to one or more creditors over the remaining creditors of the grantor shall be and inure to the benefit of all the creditors of the grantor equally.
(b) This section shall not apply to or embrace mortgages, pledges, or pawns given to secure a debt contracted contemporaneously with the execution of the mortgage, pledge, or pawn and for the security of which the mortgage, pledge, or pawn was given.
(c) A “general assignment” within the meaning of this section shall include, in addition to the conveyances now defined as such by law, every judgment confessed, attachment procured by a debtor or other disposition of property by which a debtor conveys all, or substantially all, of his property subject to execution in payment of, or as the security for, a prior debt or charges such property with the payment of such debt.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 8-9-8
What does Code of Alabama § 8-9-8 cover?
Section 8-9-8 ("When General Assignment or Conveyance of Substantially All Property by Debtor Inures to Benefit of All Creditors Equally.") 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 § 8-9-8?
A common citation format is "Code of Alabama § 8-9-8" (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 § 8-9-8 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.