Alabama Code 11-92B-22. Conveyance of property by county or municipality
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Terms Used In Alabama Code 11-92B-22
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- property: includes both real and personal property. See Alabama Code 1-1-1
Subject to acceptance by an authority, the county of incorporation and any municipality therein may convey to an authority, with or without consideration, any real, personal, mixed, tangible, or intangible property or assets that comprised all or part of the property of a closed military installation.