Section 9-9-40 Bonds - Remedies and Proceedings Upon Default. — United States — Alabama law | Esheria

Section 9-9-40 Bonds - Remedies and Proceedings Upon Default.

If bond payments are 60 days late, holders can seek court remedies; the court can appoint a receiver, and delinquent land taxes may be foreclosed and sold, with a redemption right for the owner.

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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debt default property sale receivership redemption tax collection

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