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Ala. Code § 7-12A-101 Short Title
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This article may be cited as Transitional Provisions for Uniform Commercial Code Amendments (2022). (Act 2023-492, §4.)
Ala. Code § 7-12A-102 Definitions
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(a) Article 12A Definitions. In this article: (1) “Adjustment date” means July 1, 2025. (2) “Article 12″ means Article 12 of the Uniform Commercial Code. (3) “Article 12 property” means a controllable account, controllable electronic record, or controllable payment intangible. (4…
Ala. Code § 7-12A-201 Saving Clause
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Except as provided in Part 3, a transaction validly entered into before July 1, 2024, and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than t…
Ala. Code § 7-12A-301 Saving Clause
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(a) Pre-effective date transaction, lien, or interest. Except as provided in this part, Article 9A as amended by Act 2023-492 and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acqui…