Alabama § 40-10-21 - Certificates of Purchase - Assignments.
Full text of Alabama Code of Alabama § 40-10-21 — Certificates of Purchase - Assignments., with citation guidance and answers to common questions.
§ 40-10-21. Certificates of Purchase - Assignments.
The certificate of purchase delivered by the tax collector to the purchaser at such sale or to the state in case the state is the purchaser is assignable in writing or by endorsement, and if the state is the purchaser such assignment shall be made by the Land Commissioner upon the payment of the amount bid by the state, with interest thereon at the rate of 12 percent per annum from the date of sale to the date of assignment, plus all taxes due on said lands since the date of sale, with interest thereon at 12 percent from date of maturity. Such assignment shall vest in the assignee and his legal representatives all the right and title of the original purchaser or of the state in case the state is a purchaser.
Upon such assignment it shall be the duty of the assignee or his legal representatives to assess such property as from the date of such assignment.
Should such assignment be made after the third Monday in January, the assignee shall be allowed 30 days within which to assess such property before any penalties for such failure shall accrue.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 40-10-21
What does Code of Alabama § 40-10-21 cover?
Section 40-10-21 ("Certificates of Purchase - Assignments.") 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 § 40-10-21?
A common citation format is "Code of Alabama § 40-10-21" (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 § 40-10-21 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.