There is a newer version of the Code of Alabama
2012 Code of Alabama
Title 7 - COMMERCIAL CODE.
Article 9 - SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER.
Part 1 Short Title, Applicability and Definitions.- Section 7-9-101 - Short title.
- Section 7-9-102 - Policy and subject matter of article.
- Section 7-9-103 - Perfection of security interests in multiple state transactions.
- Section 7-9-104 - Transactions excluded from article.
- Section 7-9-105 - Definitions and index of definitions.
- Section 7-9-106 - Definitions: "Account"; "general intangibles."
- Section 7-9-107 - Definitions: "Purchase money security interest."
- Section 7-9-108 - When after-acquired collateral not security for antecedent debt.
- Section 7-9-109 - Classification of goods; "consumer goods"; "equipment"; "farm products"; "inventory".
- Section 7-9-110 - Sufficiency of description.
- Section 7-9-111 - Applicability of bulk transfer laws.
- Section 7-9-112 - Where collateral is not owned by debtor.
- Section 7-9-113 - Security interests arising under the article on sales or under the article on leases.
- Section 7-9-114 - Consignment.
- Section 7-9-115 - Investment property.
- Section 7-9-116 - Security interest arising in purchase or delivery of financial asset.
- Section 7-9-201 - General validity of security agreement.
- Section 7-9-202 - Title to collateral immaterial.
- Section 7-9-203 - Attachment and enforceability of security interest; proceeds; formal requisites.
- Section 7-9-204 - After-acquired property; future advances.
- Section 7-9-205 - Use or disposition of collateral without accounting permissible.
- Section 7-9-206 - Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists.
- Section 7-9-207 - Rights and duties when collateral is in secured party's possession.
- Section 7-9-208 - Request for statement of account or list of collateral.
- Section 7-9-301 - Persons who take priority over unperfected security interests; "lien creditor."
- Section 7-9-302 - When filing is required to perfect security interest; security interests to which filing provisions of this article do not apply.
- Section 7-9-303 - When security interest is perfected; continuity of perfection.
- Section 7-9-304 - Perfection of security interest in instruments, documents, proceeds of a written letter of credit, and goods covered by documents; perfection by permissive filing; temporary perfection without filing or transfer of possession.
- Section 7-9-305 - When possession by secured party perfects security interest without filing.
- Section 7-9-306 - "Proceeds"; secured party's rights on disposition of collateral.
- Section 7-9-307 - Protection of buyer of goods.
- Section 7-9-308 - Purchase of chattel paper and instruments.
- Section 7-9-309 - Protection of purchasers of instruments and documents.
- Section 7-9-310 - Priority of certain liens arising by operation of law; landlord's lien.
- Section 7-9-311 - Alienability of debtor's rights: Judicial process.
- Section 7-9-312 - Priorities among conflicting security interests in the same collateral.
- Section 7-9-313 - Priority of security interests in fixtures.
- Section 7-9-314 - Accessions.
- Section 7-9-315 - Priority when goods are commingled or processed.
- Section 7-9-316 - Priority subject to subordination.
- Section 7-9-317 - Secured party not obligated on contract of debtor.
- Section 7-9-318 - Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment.
- Section 7-9-401 - Place of filing; erroneous filing; removal of collateral.
- Section 7-9-402 - Formal requisites of financing statement; amendments; mortgage as financing statement.
- Section 7-9-403 - What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer.
- Section 7-9-404 - Termination statement.
- Section 7-9-405 - Assignment of security interest; duties of filing officer; fees.
- Section 7-9-406 - Release of collateral; duties of filing officer; fees.
- Section 7-9-407 - Information from filing officer.
- Section 7-9-408 - Financing statements covering consigned or leased goods.
- Section 7-9-409 - Prescribed fees in lieu of all others.
- Section 7-9-410 - Rules and regulations and fees to implement central filing system; user and public training as to Uniform Commercial Code and Farm Products Central Index System Program.
- Section 7-9-501 - Default; procedure when security agreement covers both real and personal property.
- Section 7-9-502 - Collection rights of secured party.
- Section 7-9-503 - Secured party's right to take possession after default.
- Section 7-9-504 - Secured party's right to dispose of collateral after default; effect of disposition.
- Section 7-9-505 - Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation.
- Section 7-9-506 - Debtor's right to redeem collateral.
- Section 7-9-507 - Secured party's liability for failure to comply with this part.
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