68 chapters · 962 sections in this title.
Ala. Code § 8-5-1 Action on Instrument Issued to Circulate as Money Without Authority; Interest on Same
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Every bill of exchange, note, bond, or instrument of any description, whatever may be its form or device, issued with the intent to circulate as money without authority of law, is an absolute, unconditional promise of the association or person putting such bill, note, or other in…
Ala. Code § 8-5-2 Issuance of Change Bills, Etc., by Corporations Prohibited
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No corporation doing business in this state shall pay out, by its agents or officers, any change bills, notes, or paper issued without authority of law, the circulation or passing of which is prohibited by the laws of this state; and if such corporation allows the same, it incurs…
Ala. Code § 8-5-20 Bonds, Contracts, Writings for Payment of Money, Etc., Assignable by Endorsement
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All bonds, writings, and contracts for the payment of money, or other thing, or the performance of any act or duty, are assignable by endorsement so as to authorize an action thereon by each successive endorsee. (Code 1852, §1530; Code 1867, §1838; Code 1876, §2099; Code 1886, §1…
Ala. Code § 8-5-21 Assignment of Future Wages Void
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(a) All assignments made by any person of salaries or wages, to be earned in the future, shall be absolutely void. (b) The provisions of this section shall also apply to orders given by employees covering the whole or part of future wages. (Acts 1911, No. 226, p. 370; Code 1923, …