Title 7 — Title 7
0 chapters · 712 sections in this title.
Ala. Code § 7-8-511 Priority Among Security Interests and Entitlement Holders
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(a) Except as otherwise provided in subsections (b) and (c), if a securities intermediary does not have sufficient interests in a particular financial asset to satisfy both its obligations to entitlement holders who have security entitlements to that financial asset and its oblig…
Ala. Code § 7-8-601 Effective Date
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This act takes effect January 1, 1996. History: (Acts 1996, No. 96-742, p. 1241, §1.)
Ala. Code § 7-8-602 Repeals
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This act repeals Sections 8-6-70 through 8-6-80, cited as the Uniform Act for Simplification of Fiduciary Security Transfers. History: (Acts 1996, No. 96-742, p. 1241, §1.)
Ala. Code § 7-8-603 Savings Clause
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(a) This act does not affect an action or proceeding commenced before this act takes effect. (b) If a security interest in a security is perfected at the date this act takes effect, and the action by which the security interest was perfected would suffice to perfect a security in…