Ala. Admin. Code r. 80-10-17-.12

Current through Register Vol. 43, No. 1, October 31, 2024

Section 80-10-17-.12 - Certificate Of Sale; Deed Of Real Property

(1) Certificate of sale. -- In the case of personal property sold as provided in Section 9 of these regulations, the Commissioner or his delegate shall give to the purchaser a certificate of sale upon payment in full of the purchase price.

(2) Deed to real property. -- In the case of any real property sold as provided in Section 9 of these regulations and not redeemed in the manner and within the time provided in Section 11 of these regulations, the Commissioner or his delegate shall execute to the purchaser of such real property at such sale, upon his surrender of the certificate of sale, a deed of the real property so purchased by him, reciting the facts set forth in the certificate.

(3) Real property purchased by State of Alabama. -- If real property is declared purchased by the State of Alabama at a sale pursuant to Section 9 of these regulations, the Commissioner or his delegate shall at the proper time execute a deed therefor, and without delay cause such deed to be duly recorded in the probate office of the county in which the property is located.

Author: Robert J. Russell

Ala. Admin. Code r. 80-10-17-.12

New Rule: Filed February 12, 2004; effective March 18, 2004.

Statutory Authority:Code of Ala. 1975, §§ 2-2-8; 2-19-128; 2-18-135(c); Title 2, Chapter 19, Article 6.