State Codes and Statutes
Statutes > Alabama > Title11 > Title2 > 11-50-7Section 11-50-7
Provision in purchase agreement as to franchise right of purchaser at foreclosure sale.
By the terms of purchase, it may be further provided that the purchaser at a foreclosure sale under such mortgage or deed of trust shall have a franchise for not exceeding 30 years to operate such plant.
(Code 1907, §1263; Code 1923, §2005; Code 1940, T. 37, §366.)