Code of Alabama
Article 9A - Secured Transactions.
Part 6 - Default.

Division 1 - Default and Enforcement of Security Interest.

Section 7-9A-601 - Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes. - (a) Rights of secured party after default. After default, a...

Section 7-9A-602 - Waiver and Variance of Rights and Duties. - Except as otherwise provided in Section 7-9A-624, to the extent...

Section 7-9A-603 - Agreement on Standards Concerning Rights and Duties. - (a) Agreed standards. The parties may determine by agreement the...

Section 7-9A-604 - Procedure if Security Agreement Covers Real Property or Fixtures. - (a) Enforcement: Personal and real property. If a security agreement...

Section 7-9A-605 - Unknown Debtor or Secondary Obligor. - A secured party does not owe a duty based on...

Section 7-9A-606 - Time of Default for Agricultural Lien. - For purposes of this part, a default occurs in connection...

Section 7-9A-607 - Collection and Enforcement by Secured Party. - (a) Collection and enforcement generally. If so agreed, and in...

Section 7-9A-608 - Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus. - (a) Application of proceeds, surplus, and deficiency if obligation secured....

Section 7-9A-609 - Secured Party's Right to Take Possession After Default. - (a) Possession; rendering equipment unusable; disposition on debtor's premises. After...

Section 7-9A-610 - Disposition of Collateral After Default. - (a) Disposition after default. After default, a secured party may...

Section 7-9A-611 - Notification Before Disposition of Collateral. - (a) "Notification date." In this section, "notification date" means the...

Section 7-9A-612 - Timeliness of Notification Before Disposition of Collateral. - (a) Reasonable time is question of fact. Except as otherwise...

Section 7-9A-613 - Contents and Form of Notification Before Disposition of Collateral: General. - Except in a consumer-goods transaction, the following rules apply: (1)...

Section 7-9A-614 - Contents and Form of Notification Before Disposition of Collateral: Consumer-Goods Transaction. - In a consumer-goods transaction, the following rules apply: (1) A...

Section 7-9A-615 - Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus. - (a) Application of proceeds. A secured party shall apply or...

Section 7-9A-616 - Explanation of Calculation of Surplus or Deficiency. - (a) Definitions. In this section: (1) "Explanation" means a writing...

Section 7-9A-617 - Rights of Transferee of Collateral. - (a) Effects of disposition. A secured party's disposition of collateral...

Section 7-9A-618 - Rights and Duties of Certain Secondary Obligors. - (a) Rights and duties of secondary obligor. A secondary obligor...

Section 7-9A-619 - Transfer of Record or Legal Title. - (a) "Transfer statement." In this section, "transfer statement" means a...

Section 7-9A-620 - Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral. - (a) Conditions to acceptance in satisfaction. Except as otherwise provided...

Section 7-9A-621 - Notification of Proposal to Accept Collateral. - (a) Persons to which proposal to be sent. A secured...

Section 7-9A-622 - Effect of Acceptance of Collateral. - (a) Effect of acceptance. A secured party's acceptance of collateral...

Section 7-9A-623 - Right to Redeem Collateral. - (a) Persons that may redeem. A debtor, any secondary obligor,...

Section 7-9A-624 - Waiver. - (a) Waiver of disposition notification. A debtor or secondary obligor...

Division 2 - Noncompliance With Article.

Section 7-9A-625 - Remedies for Secured Party's Failure to Comply With Article. - (a) Judicial orders concerning noncompliance. If it is established that...

Section 7-9A-626 - Action in Which Deficiency or Surplus Is in Issue. - (a) Applicable rules if amount of deficiency or surplus in...

Section 7-9A-627 - Determination of Whether Conduct Was Commercially Reasonable. - (a) Greater amount obtainable under other circumstances; no preclusion of...

Section 7-9A-628 - Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor. - (a) Limitation of liability of secured party for noncompliance with...