™Your Policy Risk Impact Agent
28 chapters · 792 sections in this title.
Ala. Code § 35-4-432 Prohibition
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A private transfer fee obligation recorded or entered into in this state on or after May 25, 2011, does not run with the title to real property and is not binding on or enforceable at law or in equity against any subsequent owner, purchaser, or mortgagee of any interest in real p…
Ala. Code § 35-4-433 Liability for Violations
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(a) Any person who records or enters into an agreement imposing a private transfer fee obligation in his or her favor after May 25, 2011, shall be liable for: (1) Any and all damages resulting from the imposition of the private transfer fee obligation on the transfer of an intere…
Ala. Code § 35-4-434 Disclosure
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(a) Any contract for the sale of real property subject to a private transfer fee obligation shall include a provision disclosing the existence of that obligation, a description of the obligation, and a statement that private transfer fee obligations are subject to certain prohibi…
Ala. Code § 35-4-435 Notice Requirements for Existing Private Transfer Fee Obligations
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(a) The payee of a private transfer fee obligation imposed prior to May 25, 2011, shall record, prior to December 31, 2011, against the real property subject to the private transfer fee obligation, a separate document in the office of the judge of probate for each county in which…