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Division 1 - Law Governing Perfection and Priority.
Section 7-9A-301 - Law Governing Perfection and Priority of Security Interests. - Except as otherwise provided in Sections 7-9A-303 through 7-9A-306, the...
Section 7-9A-302 - Law Governing Perfection and Priority of Agricultural Liens. - While farm products are located in a jurisdiction, the local...
Section 7-9A-303 - Law Governing Perfection and Priority of Security Interests in Goods Covered by a Certificate of Title. - (a) Applicability of section. This section applies to goods covered...
Section 7-9A-304 - Law Governing Perfection and Priority of Security Interests in Deposit Accounts. - (a) Law of bank's jurisdiction governs. The local law of...
Section 7-9A-305 - Law Governing Perfection and Priority of Security Interests in Investment Property. - (a) Governing law: General rules. Except as otherwise provided in...
Section 7-9A-306 - Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights. - (a) Governing law: Issuer's or nominated person's jurisdiction. Subject to...
Section 7-9A-307 - Location of Debtor. - (a) "Place of business." In this section, "place of business"...
Division 2 - Perfection.
Section 7-9A-308 - When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection. - (a) Perfection of security interest. Except as otherwise provided in...
Section 7-9A-309 - Security Interest Perfected Upon Attachment. - The following security interests are perfected when they attach: (1)...
Section 7-9A-310 - When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply. - (a) General rule: Perfection by filing. Except as otherwise provided...
Section 7-9A-311 - Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties. - (a) Security interest subject to other law. Except as otherwise...
Section 7-9A-312 - Perfection of Certain Security Interests by Filing; Temporary Perfection. - (a) Perfection by filing permitted. A security interest in chattel...
Section 7-9A-313 - When Possession by or Delivery to Secured Party Perfects Security Interest Without Filing. - (a) Perfection by possession or delivery. Except as otherwise provided...
Section 7-9A-314 - Perfection by Control. - (a) Perfection by control. A security interest in investment property,...
Section 7-9A-315 - Secured Party's Rights on Disposition of Collateral and in Proceeds. - (a) Disposition of collateral: Continuation of security interest or agricultural...
Section 7-9A-316 - Effect of Change in Governing Law. - (a) General rule: Effect on perfection of change in governing...
Division 3 - Priority.
Section 7-9A-317 - Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien. - (a) Conflicting security interests and rights of lien creditors. A...
Section 7-9A-318 - No Interest Retained in Right to Payment That Is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers. - (a) Seller retains no interest. A debtor that has sold...
Section 7-9A-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers. - (a) Consignee has consignor's rights. Except as otherwise provided in...
Section 7-9A-320 - Buyer of Goods; Alabama Farmers Credit Protection Fund. - (a) Buyer in ordinary course of business. Except as otherwise...
Section 7-9A-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business. - (a) "Licensee in ordinary course of business." In this section,...
Section 7-9A-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral. - (a) General priority rules. Except as otherwise provided in this...
Section 7-9A-323 - Future Advances. - (a) When priority based on time of advance. Except as...
Section 7-9A-324 - Priority of Purchase-Money Security Interests. - (a) General rule: Purchase-money priority. Except as otherwise provided in...
Section 7-9A-325 - Priority of Security Interests in Transferred Collateral. - (a) Subordination of security interest in transferred collateral. Except as...
Section 7-9A-326 - Priority of Security Interests Created by New Debtor. - (a) Subordination of security interest created by new debtor. Subject...
Section 7-9A-327 - Priority of Security Interests in Deposit Account. - The following rules govern priority among conflicting security interests in...
Section 7-9A-328 - Priority of Security Interests in Investment Property. - The following rules govern priority among conflicting security interests in...
Section 7-9A-329 - Priority of Security Interests in Letter-of-Credit Right. - The following rules govern priority among conflicting security interests in...
Section 7-9A-330 - Priority of Purchaser of Chattel Paper or Instrument. - (a) Purchaser's priority: Security interest claimed merely as proceeds. A...
Section 7-9A-331 - Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Articles; Priority of Interests in Financial Assets and Security Entitlements Under Article 8. - (a) Rights under Articles 3, 7, and 8 not limited....
Section 7-9A-332 - Transfer of Money; Transfer of Funds From Deposit Account. - (a) Transferee of money. A transferee of money takes the...
Section 7-9A-333 - Priority of Certain Liens Arising by Operation of Law. - (a) "Possessory lien." In this section, "possessory lien" means an...
Section 7-9A-334 - Priority of Security Interests in Fixtures and Crops. - (a) Security interest in fixtures under this article. A security...
Section 7-9A-335 - Accessions. - (a) Creation of security interest in accession. A security interest...
Section 7-9A-336 - Commingled Goods. - (a) "Commingled goods." In this section, "commingled goods" means goods...
Section 7-9A-337 - Priority of Security Interests in Goods Covered by Certificate of Title. - If, while a security interest in goods is perfected by...
Section 7-9A-338 - Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information. - If a security interest or agricultural lien is perfected by...
Section 7-9A-339 - Priority Subject to Subordination. - This article does not preclude subordination by agreement by a...
Division 4 - Rights of Bank.
Section 7-9A-340 - Effectiveness of Right of Recoupment or Set-Off Against Deposit Account. - (a) Exercise of recoupment or set-off. Except as otherwise provided...
Section 7-9A-341 - Bank's Rights and Duties With Respect to Deposit Account. - Except as otherwise provided in Section 7-9A-340(c), and unless the...
Section 7-9A-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement. - This article does not require a bank to enter into...