Code of Alabama
Article 8 - Investment Securities.
Part 5 - Security Entitlements.

Section 7-8-501 - Securities Account; Acquisition of Security Entitlement From Securities Intermediary. - (a) "Securities account" means an account to which a financial...

Section 7-8-502 - Assertion of Adverse Claim Against Entitlement Holder. - An action based on an adverse claim to a financial...

Section 7-8-503 - Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary. - (a) To the extent necessary for a securities intermediary to...

Section 7-8-504 - Duty of Securities Intermediary to Maintain Financial Asset. - (a) A securities intermediary shall promptly obtain and thereafter maintain...

Section 7-8-505 - Duty of Securities Intermediary With Respect to Payments and Distributions. - (a) A securities intermediary shall take action to obtain a...

Section 7-8-506 - Duty of Securities Intermediary to Exercise Rights as Directed by Entitlement Holder. - A securities intermediary shall exercise rights with respect to a...

Section 7-8-507 - Duty of Securities Intermediary to Comply With Entitlement Order. - (a) A securities intermediary shall comply with an entitlement order...

Section 7-8-508 - Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding. - A securities intermediary shall act at the direction of an...

Section 7-8-509 - Specification of Duties of Securities Intermediary by Other Statute or Regulation; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder. - (a) If the substance of a duty imposed upon a...

Section 7-8-510 - Rights of Purchaser of Security Entitlement From Entitlement Holder. - (a) In a case not covered by the priority rules...

Section 7-8-511 - Priority Among Security Interests and Entitlement Holders. - (a) Except as otherwise provided in subsections (b) and (c),...