Section 43-2-420 Assignment or transfer of mortgages, notes or accounts. - Alabama Statutes

Section 43-2-420

Assignment or transfer of mortgages, notes or accounts.

Executors and administrators may assign and transfer by endorsement, without recourse or warranty, any mortgages, notes or accounts belonging to a decedent, provided he receives the full amount due thereon, and provided said mortgages, notes or accounts shall have been entered on the inventory returned to the court.

(Code 1923, §5835; Code 1940, T. 61, §238.)