Alabama Code 35-5A-9. Receipt and discharge for transfer of custodial property
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Terms Used In Alabama Code 35-5A-9
- property: includes both real and personal property. See Alabama Code 1-1-1
A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this chapter. An acknowledgment of delivery by a custodian, who believes in good faith that the transfer does not exceed the limitations on value prescribed in Sections 35-5A-7(c) and 35-5A-8(c), is a sufficient receipt and discharge in accordance with this section, even though the values may subsequently be determined to exceed the value limitations.