Section 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.Ala. Code § 40-10-186 (1975)
Amended by Act 2024-324,§ 1, eff. 6/1/2024, app. to all tax liens for which a final judgment in a foreclosure and quiet title action has not been rendered on or before June 1, 2024.Amended by Act 2022-208,§ 1, eff. 4/4/2022.Amended by Act 2018-577,§ 1, eff. 7/1/2018.Acts 1995, No. 95-408, p. 864, §8.