Code of Alabama
Article 2 - Assignments and Endorsements.
Section 8-5-25 - Contracts, Writings and Paper Circulated as Money Subject to Payments, Setoffs and Discounts Prior to Notice of Assignment.

All contracts and writings, except such as are governed by the Uniform Commercial Code, and paper issued to circulate as money, are subject to all payments, setoffs, and discounts had or possessed against the same previous to notice of an assignment or transfer.

<< Previous
Next >>

Structure Code of Alabama

Code of Alabama

Title 8 - Commercial Law and Consumer Protection.

Chapter 5 - Nonnegotiable Instruments.

Article 2 - Assignments and Endorsements.

Section 8-5-20 - Bonds, Contracts, Writings for Payment of Money, etc., Assignable by Endorsement.

Section 8-5-21 - Assignment of Future Wages Void.

Section 8-5-22 - Right to Assign Interest in Crops.

Section 8-5-23 - Property Injury Claims Against Railroads Assignable.

Section 8-5-24 - Effect of Transfer of Bill, Note, etc., Given for Purchase Money of Lands.

Section 8-5-25 - Contracts, Writings and Paper Circulated as Money Subject to Payments, Setoffs and Discounts Prior to Notice of Assignment.

Section 8-5-26 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Time for Bringing Action Against Maker; Issuance of Execution When Judgment Obtained; Proof of Inability of Maker to...

Section 8-5-27 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Extension or Waiver of Time for Bringing Action by Endorser or Assignor.

Section 8-5-28 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - When Holder of Contract Excused From Bringing Action, Obtaining Judgment, Etc.

Section 8-5-29 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Applicability of Sections 8-5-26 Through 8-5-28.

Section 8-5-30 - Action to Charge Endorser or Assignor on Contracts Assigned by Writing and Not Covered by Uniform Commercial Code - Costs Recoverable Against Assignor or Endorser.