Provision in Purchase Agreement as to Franchise Right of Purchaser at

Ala. Code § 11-50-7 — under Title 11.

Ala. Code § 11-50-7

Foreclosure Sale.

By the terms of purchase, it may be further provided that the purchaser at a foreclosure sale under such mortgage or deed of trust shall have a franchise for not exceeding 30 years to operate such plant.

History: (Code 1907, §1263; Code 1923, §2005; Code 1940, T. 37, §366.)