Proof that anything of value agreed to be sold and delivered was not actually delivered at the time of making the agreement to sell and deliver and that one of the parties to such agreement deposited or secured, or agreed to deposit or secure, what are commonly called "margins" shall constitute prima facie evidence of a contract declared void by this article.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Section 8-1-120 - Definitions.
Section 8-1-121 - Certain Contracts for Future Delivery Void; Exceptions.
Section 8-1-123 - Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract.
Section 8-1-127 - Futures Contracts Made in Another State.
Section 8-1-128 - Establishing Office to Engage in Business of "Futures".
Section 8-1-131 - Money Paid on Illegal Contract May Be Recovered.