Title 7 — Title 7
0 chapters · 712 sections in this title.
Ala. Code § 7-12-101 Short Title
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This article may be cited as Uniform Commercial Code—Controllable Electronic Records. History: (Act 2023-492, §3.)
Ala. Code § 7-12-102 Definitions
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(a) Article 12 definitions. In this article: (1) “Controllable electronic record” means a record stored in an electronic medium that can be subjected to control under Section 7-12-105. The term does not include a controllable account, a controllable payment intangible, a deposit …
Ala. Code § 7-12-103 Relation to Article 9A and Consumer Laws
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(a) Article 9A governs in case of conflict. If there is conflict between this article and Article 9A, Article 9A governs. (b) Applicable consumer law and other laws. A transaction subject to this article is subject to any applicable rule of law that establishes a different rule f…
Ala. Code § 7-12-104 Rights in Controllable Account, Controllable Electronic Record, and
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Controllable Payment Intangible. (a) Applicability of section to controllable account and controllable payment intangible. This section applies to the acquisition and purchase of rights in a controllable account or controllable payment intangible, including the rights and benefit…
Ala. Code § 7-12-105 Control of Controllable Electronic Record
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(a) General rule: control of controllable electronic record. A person has control of a controllable electronic record if the electronic record, a record attached to or logically associated with the electronic record, or a system in which the electronic record is recorded: (1) giv…
Ala. Code § 7-12-106 Discharge of Account Debtor on Controllable Account or Controllable
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Payment Intangible. (a) Discharge of account debtor. An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying: (1) the person having control of the controllable electronic record that evidences the controllable account …
Ala. Code § 7-12-107 Governing Law
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(a) Governing law: general rule. Except as provided in subsection (b), the local law of a controllable electronic record’s jurisdiction governs a matter covered by this article. (b) Governing law: Section 7-12-106. For a controllable electronic record that evidences a controllabl…