7-9A-308
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 this section and Section
7-9A-309, a security interest is perfected if it has attached and all of the applicable requirements
for perfection in Sections 7-9A-310 through 7-9A-316 have been satisfied. A security interest
is perfected when it attaches if the applicable requirements are satisfied before the security
interest attaches. (b) Perfection of agricultural lien. An agricultural lien is perfected
if it has become effective and all of the applicable requirements for perfection in Section
7-9A-310 have been satisfied. An agricultural lien is perfected when it becomes effective
if the applicable requirements are satisfied before the agricultural lien becomes effective.
(c) Continuous perfection; perfection by different methods. A security interest or agricultural
lien is perfected continuously if it is originally...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-308.htm - 2K - Match Info - Similar pages

7-9A-310
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 in subsection (b) and Section 7-9A-312(b),
a financing statement must be filed to perfect all security interests and agricultural liens.
(b) Exceptions: Filing not necessary. The filing of a financing statement is not necessary
to perfect a security interest: (1) that is perfected under Section 7-9A-308(d), (e), (f),
or (g); (2) that is perfected under Section 7-9A-309 when it attaches; (3) in property subject
to a statute, regulation, or treaty described in Section 7-9A-311(a); (4) in goods in possession
of a bailee which is perfected under Section 7-9A-312(d)(1) or (2); (5) in certificated securities,
documents, goods, or instruments which is perfected without filing, control, or possession
under Section 7-9A-312(e), (f), or (g); (6) in collateral...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-310.htm - 2K - Match Info - Similar pages

7-9A-336
Section 7-9A-336 Commingled goods. (a) "Commingled goods." In this section, "commingled
goods" means goods that are physically united with other goods in such a manner that
their identity is lost in a product or mass. (b) No security interest in commingled goods
as such. A security interest does not exist in commingled goods as such. However, a security
interest may attach to a product or mass that results when goods become commingled goods.
(c) Attachment of security interest to product or mass. If collateral becomes commingled goods,
a security interest attaches to the product or mass. (d) Perfection of security interest.
If a security interest in collateral is perfected before the collateral becomes commingled
goods, the security interest that attaches to the product or mass under subsection (c) is
perfected. (e) Priority of security interest. Except as otherwise provided in subsection (f),
the other provisions of this part determine the priority of a security interest that attaches...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-336.htm - 1K - Match Info - Similar pages

37-2-22
Section 37-2-22 Bills of lading or receipts - Not given until property delivered to carrier;
duplicates. A transportation company engaged in the business of carriage, or of keeping for
shipment, or of forwarding things or property, must not give a receipt or bill of lading for
the things or property for carriage, or for keeping for shipment, or for forwarding unless
such things or property have been actually delivered to said company, or placed in its control;
and a second receipt or bill of lading must not be issued or given, the original being outstanding,
without writing across the face thereof the word "duplicate." (Code 1886, §1175;
Code 1896, §4219; Code 1907, §6132; Code 1923, §10492; Code 1940, T. 48, §134.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-2-22.htm - 1K - Match Info - Similar pages

7-9-304
Section 7-9-304 Perfection of security interest in instruments, documents, proceeds of a written
letter of credit, and goods covered by documents; perfection by permissive filing; temporary
perfection without filing or transfer of possession. Repealed by Act 2001-481, p. 647, §
4, effective January 1, 2002. (Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399;
Acts 1996, No. 96-742, p. 1241, §2; Acts 1997, No. 97-702, §2.)...

alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9-304.htm - 772 bytes - Match Info - Similar pages

7-9A-312
Section 7-9A-312 Perfection of certain security interests by filing; temporary perfection.
(a) Perfection by filing permitted. A security interest in chattel paper, negotiable documents,
instruments, or investment property may be perfected by filing. (b) Control or possession
of certain collateral. Except as otherwise provided in Section 7-9A-315(c) and (d) for proceeds:
(1) a security interest in a deposit account may be perfected only by control under Section
7-9A-314; (2) and except as otherwise provided in Section 7-9A-308(d), a security interest
in a letter-of-credit right may be perfected only by control under Section 7-9A-314; and (3)
a security interest in money may be perfected only by the secured party's taking possession
under Section 7-9A-313. (c) Goods covered by negotiable document. While goods are in the possession
of a bailee that has issued a negotiable document covering the goods: (1) a security interest
in the goods may be perfected by perfecting a security interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-312.htm - 3K - Match Info - Similar pages

7-9A-316
Section 7-9A-316 Effect of change in governing law. (a) General rule: Effect on perfection
of change in governing law. A security interest perfected pursuant to the law of the jurisdiction
designated in Section 7-9A-301(1) or 7-9A-305(c) remains perfected until the earliest of:
(1) the time perfection would have ceased under the law of that jurisdiction; (2) the expiration
of four months after a change of the debtor's location to another jurisdiction; or (3) the
expiration of one year after a transfer of collateral to a person that thereby becomes a debtor
and is located in another jurisdiction. (b) Security interest perfected or unperfected under
law of new jurisdiction. If a security interest described in subsection (a) becomes perfected
under the law of the other jurisdiction before the earliest time or event described in that
subsection, it remains perfected thereafter. If the security interest does not become perfected
under the law of the other jurisdiction before the earliest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-316.htm - 7K - Match Info - Similar pages

7-9A-317
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 security interest
or agricultural lien is subordinate to the rights of: (1) a person entitled to priority under
Section 7-9A-322; and (2) except as otherwise provided in subsection (e), a person that becomes
a lien creditor before the earlier of the time: (A) the security interest or agricultural
lien is perfected; or (B) one of the conditions specified in Section 7-9A-203(b)(3) is met
and a financing statement covering the collateral is filed. (b) Buyers that receive delivery.
Except as otherwise provided in subsection (e), a buyer, other than a secured party, of tangible
chattel paper, tangible documents, goods, instruments, or a certificated security takes free
of a security interest or agricultural lien if the buyer gives value and receives delivery
of the collateral without knowledge of the security interest...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-317.htm - 2K - Match Info - Similar pages

7-9A-338
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 a filed financing statement providing information described in Section
7-9A-516(b)(5) which is incorrect at the time the financing statement is filed: (1) the security
interest or agricultural lien is subordinate to a conflicting perfected security interest
in the collateral to the extent that the holder of the conflicting security interest gives
value in reasonable reliance upon the incorrect information; and (2) a purchaser, other than
a secured party, of the collateral takes free of the security interest or agricultural lien
to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives
value and, in the case of tangible chattel paper, tangible documents, goods, instruments,
or a security certificate, receives delivery of the collateral. (Act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-338.htm - 1K - Match Info - Similar pages

37-2-26
Section 37-2-26 Bills of lading or receipts - Charges to be settled according to stipulated
rate. All transportation companies doing business in this state shall settle their freight
charges according to the rate stipulated in the bill of lading, provided the rate stipulated
therein is in conformity with the classifications and rates made and filed with the Interstate
Commerce Commission, in case of shipment from without the state, and with those filed with
or established or approved by the Public Service Commission of the state, or those established
by statute, in case of shipments wholly within the state, by which classification and rates
all consignees shall in all cases be entitled to settle freight charges with such companies,
and it shall be the duty of such transportation companies to inform any consignee or consignees
of the correct amount due for freight, according to such classification and rates, and upon
payment or tender of the amount due, according to such classification...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-2-26.htm - 1K - Match Info - Similar pages