Alabama § 40-10-186 - Purchase Price.
Full text of Alabama Code of Alabama § 40-10-186 — Purchase Price., with citation guidance and answers to common questions.
§ 40-10-186. Purchase Price.
(a) The purchase price for a tax lien shall be the amount as required in Section 40-10-184.
(b) The purchase price for a tax lien shall be paid in a form acceptable to the tax collecting official not later than one hour before close of business on the date of the auction or sale or, if the auction is online, not later than the close of business two days following the date of the auction.
(c) The purchase price for a tax lien received by the tax collecting official shall be credited to the tax collecting official for purposes of calculating commissions, if any, on taxes collected by the tax collecting official pursuant to Section 40-5-4.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-10-186
What does Code of Alabama § 40-10-186 cover?
Section 40-10-186 ("Purchase Price.") 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 § 40-10-186?
A common citation format is "Code of Alabama § 40-10-186" (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 § 40-10-186 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.