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Alabama Code (Last Updated: November 28, 2014) |
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Title32 MOTOR VEHICLES AND TRAFFIC. |
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Chapter8. UNIFORM CERTIFICATE OF TITLE AND ANTITHEFT ACT. |
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Article3. Security Interests. |
§32-8-66. Exclusiveness of procedure.
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The method provided in this article of perfecting and giving notice of security interest in motor vehicles required to be titled under the terms of this chapter or titled under the terms hereof, shall be exclusive.
Security interests in motor vehicles required to be titled or which are titled under this chapter, are hereby exempted from the provisions of law which otherwise require the filing or recording of financing statements or of other instruments creating or evidencing security interests.
Security interests in motor vehicles not required to be titled under this chapter or not titled under the terms hereof, which are perfected under any other applicable laws of this state shall not be affected by this chapter but shall continue in all respects to be governed by such other laws of this state.