SB506 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2010
Title
Commercial property, right of redemption, time period reduced, Sec. 6-5-248 am'd.
Description
Currently, persons exercising the right of redemption of real estate must exercise the right within one year of the foreclosure sale
This bill would reduce the time period for commercial property to 90 days from the date of the sale
To amend Section 6-5-248, Code of Alabama 1975, relating to exercising the right of redemption of real estate, to reduce the time period for commercial property to 90 days from the date of the foreclosure sale.
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 14, 2010 | Indefinitely Postponed | |
| March 25, 2010 | Read for the second time and placed on the calendar | |
| March 4, 2010 | Read for the first time and referred to the Senate committee on Judiciary |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB506 Alabama 2010 Session - Introduced |