Section 7-9A-809 – Priority.
Section 7-9A-809 Priority. Act 2014-374 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2014, Article 9A as it existed before amendment determines priority. (Act 2014-374, p. 1339, §2.)
Section 7-10-101 – Effective Date.
Section 7-10-101 Effective date. This title shall become effective at midnight on December 31, 1966. It applies to transactions entered into and events occurring after that date. (Acts 1965, No. 549, p. 811.)
Section 7-10-102 – Specific Repealer; Provision for Transition.
Section 7-10-102 Specific repealer; provision for transition. (1) The following acts and all other acts and parts of acts inconsistent herewith are hereby repealed: Code of Alabama 1940: Title 2, Sections 504-567, inclusive; Title 5, Section 135 and Section 136; Title 7, Section 401 and Section 402; Title 9, Sections 10-13, inclusive; Title 10, Sections […]
Section 7-10-103 – General Repealer.
Section 7-10-103 General repealer. Except as provided in Section 7-10-104, all acts and parts of acts inconsistent with this title are hereby repealed. (Acts 1965, No. 549, p. 811.)
Section 7-10-104 – Laws Not Repealed.
Section 7-10-104 Laws not repealed. Repealed Act 2004-315, p. 464, 1, Effective January 1, 2005. (Acts 1965, No. 549, p. 811; Acts 1996, No. 96-742, p. 1241, §5.)
Section 7-11-101 – Effective Date; Definitions.
Section 7-11-101 Effective date; definitions. (1) This act shall become effective at 12:01 A.M. on February 1, 1982. (2) As used in this Article 11: (a) The term “old U.C.C.” means Sections 7-1-105, 7-1-201, 7-2-107, 7-5-116, 7-9-102, 7-9-103, 7-9-104, 7-9-105, 7-9-106, 7-9-203, 7-9-204, 7-9-205, 7-9-301, 7-9-302, 7-9-304, 7-9-305, 7-9-306, 7-9-307, 7-9-308, 7-9-310, 7-9-312, 7-9-313, 7-9-318, […]
Section 7-9A-604 – Procedure if Security Agreement Covers Real Property or Fixtures.
Section 7-9A-604 Procedure if security agreement covers real property or fixtures. (a) Enforcement: Personal and real property. If a security agreement covers both personal and real property, a secured party may proceed: (1) under this part as to the personal property without prejudicing any rights with respect to the real property; or (2) as to […]
Section 7-9A-620 – Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral.
Section 7-9A-620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral. (a) Conditions to acceptance in satisfaction. Except as otherwise provided in subsection (g), a secured party may accept collateral in full or partial satisfaction of the obligation it secures only if: (1) the debtor consents to the acceptance under […]
Section 7-9A-708 – Persons Entitled to File Initial Financing Statement or Continuation Statement.
Section 7-9A-708 Persons entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (A) to continue the effectiveness of a financing statement […]
Section 7-9A-605 – Unknown Debtor or Secondary Obligor.
Section 7-9A-605 Unknown debtor or secondary obligor. A secured party does not owe a duty based on its status as secured party: (1) to a person that is a debtor or obligor, unless the secured party knows: (A) that the person is a debtor or obligor; (B) the identity of the person; and (C) how […]