Ala. Code
Code of Alabama

Ala. Code § 8-5-24 (2026)

Effect of Transfer of Bill, Note, Etc., Given for Purchase Money of Lands.

✓ official Alabama Legislature (ALISON) text, current July 2026
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The transfer of a bond, bill, or note given for the purchase money of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the lien of the vendor of the lands.

(Code 1886, §1764; Code 1896, §878; Code 1907, §5160; Code 1923, §9236; Code 1940, T. 39, §205.)

Notes of Decisions
Cited in 7 cases, 1990–2016 · leading case: Coleman v. BAC Servicing, 104 So. 3d 195 (Ala. Civ. App. 2012).
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Coleman v. BAC Servicing, 104 So. 3d 195 (Ala. Civ. App. 2012). · cites it 2× “See Ala. Code 1975, § 8-5-24 (“The transfer of a .”
Perry v. Fed. Nat'l Mortg. Ass'n, 100 So. 3d 1090 (Ala. Civ. App. 2012). · cites it 2× “note given for the purchase money of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the hen of the vendor of the lands.”
Sturdivant v. BAC Home Loan Servicing, LP, 159 So. 3d 47 (Ala. Civ. App. 2013). · cites it 3× “See also Ala.Code 1975, § 8-5-24 (‘the transfer of a .”
Summerlin v. Shellpoint Mortg. Servs., 165 F. Supp. 3d 1099 (N.D. Ala. 2016). · cites it 2× “” Ala. Code § 8-5-24 . Thus, a non-negotiable note "given for the purchase money of lands” may be transferred, which would allow the transferee the right to enforce the terms of that note.”
Gray v. Fed. Nat'l Mortg. Ass'n, 143 So. 3d 825 (Ala. Civ. App. 2014). · cites it 4× “”); see also Ala.Code 1975, § 8-5-24 (“The transfer of a .”
Assocs. of Selma, Inc. v. Whetstone, 628 So. 2d 578 (Ala. 1993). · cites it 2× “Alabama Code § 8-5-24 (1975) ... states: “ ‘The transfer of a bond, bill or note given for the purchase of lands, whether the transfer be by delivery merely or in writing, expressed to be with or without recourse on the transferor, passes to the transferee the lien of the vendor…”
JLJ, Inc. v. Rush Bldg. Co. (In re JLJ, Inc.), 115 B.R. 324 (Bankr. N.D. Ala. 1990). · cites it 2× “Alabama Code § 8-5-24 (1975) (Effect of transfer of bill, note, etc.”
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