Alabama Code (Last Updated: November 28, 2014) |
Title7 COMMERCIAL CODE. |
Article9. SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER. |
Part 1. Short Title, Applicability and Definitions. |
§ 7-9-101. Short title. |
§ 7-9-102. Policy and subject matter of article. |
§ 7-9-103. Perfection of security interests in multiple state transactions. |
§ 7-9-104. Transactions excluded from article. |
§ 7-9-105. Definitions and index of definitions. |
§ 7-9-106. Definitions: "Account"; "general intangibles." |
§ 7-9-107. Definitions: "Purchase money security interest." |
§ 7-9-108. When after-acquired collateral not security for antecedent debt. |
§ 7-9-109. Classification of goods; "consumer goods"; "equipment"; "farm products"; "inventory". |
§ 7-9-110. Sufficiency of description. |
§ 7-9-111. Applicability of bulk transfer laws. |
§ 7-9-112. Where collateral is not owned by debtor. |
§ 7-9-113. Security interests arising under the article on sales or under the article on leases. |
§ 7-9-114. Consignment. |
§ 7-9-115. Investment property. |
§ 7-9-116. Security interest arising in purchase or delivery of financial asset. |
Part 2. Validity of Security Agreement and Rights of Parties Thereto. |
§ 7-9-201. General validity of security agreement. |
§ 7-9-202. Title to collateral immaterial. |
§ 7-9-203. Attachment and enforceability of security interest; proceeds; formal requisites. |
§ 7-9-204. After-acquired property; future advances. |
§ 7-9-205. Use or disposition of collateral without accounting permissible. |
§ 7-9-206. Agreement not to assert defenses against assignee; modification of sales warranties where security agreement exists. |
§ 7-9-207. Rights and duties when collateral is in secured party's possession. |
§ 7-9-208. Request for statement of account or list of collateral. |
Part 3. Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority. |
§ 7-9-301. Persons who take priority over unperfected security interests; "lien creditor." |
§ 7-9-302. When filing is required to perfect security interest; security interests to which filing provisions of this article do not apply. |
§ 7-9-303. When security interest is perfected; continuity of perfection. |
§ 7-9-305. When possession by secured party perfects security interest without filing. |
§ 7-9-306. "Proceeds"; secured party's rights on disposition of collateral. |
§ 7-9-307. Protection of buyer of goods. |
§ 7-9-308. Purchase of chattel paper and instruments. |
§ 7-9-309. Protection of purchasers of instruments and documents. |
§ 7-9-310. Priority of certain liens arising by operation of law; landlord's lien. |
§ 7-9-311. Alienability of debtor's rights: Judicial process. |
§ 7-9-312. Priorities among conflicting security interests in the same collateral. |
§ 7-9-313. Priority of security interests in fixtures. |
§ 7-9-314. Accessions. |
§ 7-9-315. Priority when goods are commingled or processed. |
§ 7-9-316. Priority subject to subordination. |
§ 7-9-317. Secured party not obligated on contract of debtor. |
§ 7-9-318. Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment. |
Part 4. Filing. |
§ 7-9-401. Place of filing; erroneous filing; removal of collateral. |
§ 7-9-402. Formal requisites of financing statement; amendments; mortgage as financing statement. |
§ 7-9-403. What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer. |
§ 7-9-404. Termination statement. |
§ 7-9-405. Assignment of security interest; duties of filing officer; fees. |
§ 7-9-406. Release of collateral; duties of filing officer; fees. |
§ 7-9-407. Information from filing officer. |
§ 7-9-408. Financing statements covering consigned or leased goods. |
§ 7-9-409. Prescribed fees in lieu of all others. |
§ 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. |
Part 5. Default. |
§ 7-9-501. Default; procedure when security agreement covers both real and personal property. |
§ 7-9-502. Collection rights of secured party. |
§ 7-9-503. Secured party's right to take possession after default. |
§ 7-9-504. Secured party's right to dispose of collateral after default; effect of disposition. |
§ 7-9-505. Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation. |
§ 7-9-506. Debtor's right to redeem collateral. |
§ 7-9-507. Secured party's liability for failure to comply with this part. |