STATE STATUTES & CODES

ALABAMA STATUTES AND CODES

Article 9 — SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER.

• 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
• 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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