HB591 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Property sold for nonpayment of taxes, mortgagee, judgment creditor, or other creditor having a lien in the real estate lands sold for nonpayment of taxes may redeem the property in the name of the owner of the property, Secs. 40-10-120, 40-10-122 am'd.; Act 2009-508, 2009 Reg. Sess. am'd.
Description
<p class="bill_description"> Under existing law, a mortgagee, judgment
creditor, or other creditor having a lien on real
estate lands sold for nonpayment of taxes may not
redeem the property in the name of the owner of the
property</p><p class="bill_description">
This bill would allow a mortgagee, judgment
creditor, or other creditor having a lien on real
estate lands sold for nonpayment of taxes to redeem
the property in the name of the owner of the
property</p><p class="bill_entitled_an_act"> To amend Sections 40-10-120 and 40-10-122, Code of
Alabama 1975, as amended by Section 1 of Act 2009-508, 2009
Regular Session (Acts 2009, p. 937), relating to redemption of
lands sold for nonpayment of taxes, to provide that a
mortgagee, judgment creditor, or other creditor having a lien
on real estate lands sold for nonpayment of taxes may redeem
the property in the name of the owner of the property.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 17, 2010 | Read for the first time and referred to the House of Representatives committee on Banking and Insurance |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB591 Alabama 2010 Session - Introduced |