Section 35-4-343 Vendor's lien, etc. - Alabama Statutes

Section 35-4-343

Vendor's lien, etc.

Nothing in this article shall prevent any literary society, social society, Young Men's Christian Association or Young Women's Christian Association from retaining a vendor's lien on the property conveyed, nor from taking a mortgage to secure the balance of the purchase money nor from making an agreement as to the payment of the purchase money and the conditions of the sale.

(Acts 1923, No. 374, p. 397; Code 1923, §6953; Code 1940, T. 47, §43.)