Section 6-6-788 - Status of receiver(a) On appointment of a receiver, the receiver has the status of a lien creditor under Article 9A of Title 7, Code of Alabama 1975, as to receivership property that is personal property or fixtures.(b) On appointment of a receiver, the receiver has the status of a purchaser for value and without notice under Section 35-4-90(a), Code of Alabama 1975, as to receivership property that is real property.Ala. Code § 6-6-788 (1975)
Added by Act 2024-380,§ 9, eff. 1/1/2025.