Title 7 — Title 7
0 chapters · 712 sections in this title.
Ala. Code § 7-9-301 Persons Who Take Priority Over Unperfected Security Interests; “Lien
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Creditor.” Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1979, No. 79-256, p. 390; Acts 1981, No. 81-312, p. 399; Acts 1996, No. 96-742, p. 1241, §2.)
Ala. Code § 7-9-302 When Filing Is Required to Perfect Security Interest; Security Interests
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to Which Filing Provisions of This Article Do Not Apply. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 459, p. 811; Acts 1979, No. 79-256, p. 390; Acts 1981, No. 81-312, p. 399; Acts 1995, No. 95-668, p. 1381, §4; Acts 199…
Ala. Code § 7-9-303 When Security Interest Is Perfected; Continuity of Perfection
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-304 Perfection of Security Interest in Instruments, Documents, Proceeds of
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a Written Letter of Credit, and Goods Covered by Documents; Perfection by Permissive Filing; Temporary Perfection Without Filing or Transfer of Possession. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-31…
Ala. Code § 7-9-305 When Possession by Secured Party Perfects Security Interest Without
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Filing. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399; Acts 1997, No. 97-702, §2.)
Ala. Code § 7-9-306 “Proceeds”; Secured Party’s Rights on Disposition of Collateral
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1979, No. 79-256, p. 390; Acts 1981, No. 81-312, p. 399; Acts 1996, No. 96-742, p. 1241, §2.)
Ala. Code § 7-9-307 Protection of Buyer of Goods
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399; Acts 1986, No. 86-507, p. 989, §1; Acts 1987, No. 87-410, p. 595, §1.)
Ala. Code § 7-9-308 Purchase of Chattel Paper and Instruments
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-309 Protection of Purchasers of Instruments and Documents
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1996, No. 96-742, p. 1241, §2.)
Ala. Code § 7-9-310 Priority of Certain Liens Arising by Operation of Law; Landlord’s Lien
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-311 Alienability of Debtor’s Rights: Judicial Process
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-312 Priorities Among Conflicting Security Interests in the Same Collateral
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1979, No. 79-256, p. 390; Acts 1981, No. 81-312, p. 399; Acts 1995, No. 95-668, p. 1381, §4; Acts 1996, No. 96-742, p. 1241, §2.)
Ala. Code § 7-9-313 Priority of Security Interests in Fixtures
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-314 Accessions
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-315 Priority When Goods Are Commingled or Processed
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-316 Priority Subject to Subordination
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-317 Secured Party Not Obligated on Contract of Debtor
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-318 Defenses Against Assignee; Modification of Contract After Notification of
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Assignment; Term Prohibiting Assignment Ineffective; Identification and Proof of Assignment. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-401 Place of Filing; Erroneous Filing; Removal of Collateral
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-402 Formal Requisites of Financing Statement; Amendments; Mortgage as
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Financing Statement. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399; Acts 1987, No. 87-410, p. 595, §1.)
Ala. Code § 7-9-403 What Constitutes Filing; Duration of Filing; Effect of Lapsed Filing;
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Duties of Filing Officer. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1973, No. 865, p. 1365, §1; Acts 1981, No. 81-312, p. 399; Acts 1984, No. 84-307; Acts 1984, No. 84-446, p. 1040, &a…
Ala. Code § 7-9-404 Termination Statement
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1973, No. 865, p. 1365, §1; Acts 1981, No. 81-312, p. 399; Acts 1984, No. 84-446, p. 1040, §2; Acts 1987, No. 87-410, p. 595, §1.)
Ala. Code § 7-9-405 Assignment of Security Interest; Duties of Filing Officer; Fees
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1973, No. 865, p. 1365, §1; Acts 1981, No. 81-312, p. 399; Acts 1984, No. 84-446, §2.)
Ala. Code § 7-9-406 Release of Collateral; Duties of Filing Officer; Fees
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1973, No. 865, p. 1365, §1; Acts 1981, No. 81-312, p. 399; Acts 1984, No. 84-446, §2.)
Ala. Code § 7-9-407 Information from Filing Officer
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1973, No. 865, p. 1365, §1; Acts 1981, No. 81-312, p. 399; Acts 1984, No. 84-446, p. 1040, §2; Acts 1986, No. 86-507, p. 989, §1; Ac…
Ala. Code § 7-9-408 Financing Statements Covering Consigned or Leased Goods
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-409 Prescribed Fees in Lieu of All Others
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-410 Rules and Regulations and Fees to Implement Central Filing System;
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User and Public Training as to Uniform Commercial Code and Farm Products Central Index System Program. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1987, No. 87-410, p. 595, §2.)
Ala. Code § 7-9-501 Default; Procedure When Security Agreement Covers Both Real and
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Personal Property. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-502 Collection Rights of Secured Party
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-503 Secured Party’s Right to Take Possession After Default
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-504 Secured Party’s Right to Dispose of Collateral After Default; Effect of
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Disposition. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-505 Compulsory Disposition of Collateral; Acceptance of the Collateral as
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Discharge of Obligation. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399.)
Ala. Code § 7-9-506 Debtor’s Right to Redeem Collateral
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9-507 Secured Party’s Liability for Failure to Comply with This Part
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. History: (Acts 1965, No. 549, p. 811.)
Ala. Code § 7-9A-101 Short Title
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This article may be cited as Uniform Commercial Code-Secured Transactions. History: (Act 2001-481, p. 647, §1.)
Ala. Code § 7-9A-102 Definitions and Index of Definitions
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(a) Article 9A definitions. In this article: (1) “Accession” means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. (2) “Account,” except as used in “account for,” “account statement,” “account to,” “commodity…
Ala. Code § 7-9A-103 Purchase-Money Security Interest; Application of Payments; Burden of
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Establishing. (a) Definitions. In this section: (1) “purchase-money collateral” means goods or software that secures a purchase- money obligation incurred with respect to that collateral; and (2) “purchase-money obligation” means an obligation of an obligor incurred as all or par…
Ala. Code § 7-9A-104 Control of Deposit Account
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(a) Requirements for control. A secured party has control of a deposit account if: (1) the secured party is the bank with which the deposit account is maintained; (2) the debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions or…
Ala. Code § 7-9A-105 Control of Electronic Chattel Paper
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(a) General Rule: control of electronic copy of record evidencing chattel paper. A purchaser has control of an authoritative electronic copy of a record evidencing chattel paper if a system employed for evidencing the assignment of interests in the chattel paper reliably establis…
Ala. Code § 7-9A-106 Control of Investment Property
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(a) Control under Section 7-8-106. A person has control of a certificated security, uncertificated security, or security entitlement as provided in Section 7-8-106. (b) Control of commodity contract. A secured party has control of a commodity contract if: (1) the secured party is…
Ala. Code § 7-9A-107 Control of Letter-of-Credit Right
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A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under Section 7-5-114(c) or othe…
Ala. Code § 7-9A-107A Control of Controllable Electronic Record, Controllable Account, or
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Controllable Payment Intangible. (a) Control under Section 7-12-105. A secured party has control of a controllable electronic record as provided in Section 7-12-105. (b) Control of controllable account and controllable payment intangible. A secured party has control of a controll…
Ala. Code § 7-9A-107B No Requirement to Acknowledge or Confirm; No Duties
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(a) No requirement to acknowledge. A person that has control under Section 7-9A- 104, or 7-9A-105, is not required to acknowledge that it has control on behalf of another person. (b) No duties or confirmation. If a person acknowledges that it has or will obtain control on behalf …
Ala. Code § 7-9A-108 Sufficiency of Description
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(a) Sufficiency of description. Except as otherwise provided in subsections (c), (d), and (e), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. (b) Examples of reasonable identification. Except…
Ala. Code § 7-9A-109 Scope
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(a) General scope of article. Except as otherwise provided in subsections (c) and (d), this article applies to: (1) a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; (2) an agricultural lien; (3) a sale of accoun…
Ala. Code § 7-9A-110 Security Interests Arising Under Article 2 or 2A
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A security interest arising under Section 7-2-401, 7-2-505, 7-2-711(3), or 7-2A- 508(5) is subject to this article. However, until the debtor obtains possession of the goods: (1) the security interest is enforceable, even if Section 7-9A-203(b)(3) has not been satisfied; (2) fili…
Ala. Code § 7-9A-201 General Effectiveness of Security Agreement
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(a) General effectiveness. Except as otherwise provided in the Uniform Commercial Code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. (b) Applicable consumer laws and other law. A transac…
Ala. Code § 7-9A-202 Title to Collateral Immaterial
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Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this article with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor. H…
Ala. Code § 7-9A-203 Attachment and Enforceability of Security Interest; Proceeds;
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Supporting Obligations; Formal Requisites. (a) Attachment. A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment. (b) Enforceability. Except as other…