Alabama Code 11-48-55. Extension of redemption period
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 11-48-55
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- property: includes both real and personal property. See Alabama Code 1-1-1
- year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1
The fixed two year period of redemption allowed by Section property after sale generally” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”11″>11-48-54 for the redemption of any property heretofore or hereafter sold for the satisfaction of any assessment lien may be extended to a date 60 days after the date of the certificate of warning to redeem provided for in Section deed; contents of certificate” class=”unlinked-ref” datatype=”S” sessionyear=”2020″ statecd=”AL” title=”11″>11-48-56, but in no event for a longer period than six years from the date of such sale.