Section 35-13-5 Compensation of Taker.
102 words·~1 min read·
/al/title-35-property/chapter-13-salvage/35-13-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The taker is entitled to 10 percent on the appraised value of each bale of cotton and on other property as follows: 25 percent on all under $30.00; between $30.00 and $100.00, 20 percent; between $100.00 and $500.00, 15 percent; between $500.00 and $1,000.00, 10 percent; and on all over $1,000.00, five percent.
(b)The taker is also entitled to the court fees paid by him, the expenses of the advertisement, if published in a newspaper, and reasonable compensation for the keeping, if necessary to preserve the property from loss or injury, to be ascertained as in the case of estrays.