Alabama Code 35-4-230. Abolished
Current as of: 2024 | Check for updates
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Terms Used In Alabama Code 35-4-230
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- property: includes both real and personal property. See Alabama Code 1-1-1
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Where a remainder created by a deed or will is limited to the heirs, issue, or heirs of the body of a person to whom a life estate in the same property is given, the persons who, on the termination of the life estate, are the heirs, issue, or heirs of the body of such tenant for life are entitled to take as purchasers by virtue of the remainder so limited to them.