Alabama § 43-2-463 - Report of Payment of Purchase Money.
Full text of Alabama Code of Alabama § 43-2-463 — Report of Payment of Purchase Money., with citation guidance and answers to common questions.
§ 43-2-463. Report of Payment of Purchase Money.
When lands have been sold on credit, and when the whole of the purchase money has been paid, the executor or administrator must, within 30 days after such complete payment has been made, report the fact of such payment to the court of probate. If he or she fails to do so within the time specified in this section, such report may be compelled of him or her in the manner provided by Section 43-2-465.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 43-2-463
What does Code of Alabama § 43-2-463 cover?
Section 43-2-463 ("Report of Payment of Purchase Money.") 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 § 43-2-463?
A common citation format is "Code of Alabama § 43-2-463" (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 § 43-2-463 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.