7-9A-204
Section 7-9A-204 After-acquired property; future advances. (a) After-acquired collateral. Except
as otherwise provided in subsection (b), a security agreement may create or provide for a
security interest in after-acquired collateral. (b) When after-acquired property clause not
effective. A security interest does not attach under a term constituting an after-acquired
property clause to: (1) consumer goods, other than an accession when given as additional security,
unless the debtor acquires rights in them within 10 days after the secured party gives value;
or (2) a commercial tort claim. (c) Future advances and other value. A security agreement
may provide that collateral secures, or that accounts, chattel paper, payment intangibles,
or promissory notes are sold in connection with, future advances or other value, whether or
not the advances or value are given pursuant to commitment. (Act 2001-481, p. 647, §1.)...

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9-6-10
Section 9-6-10 Bonds - Contracts to secure payment. As security for payment of the principal
and interest on bonds issued or obligations assumed by it, the authority may enter into a
contract or contracts binding itself for the proper application of the proceeds of bonds and
other funds, for the continued operation and maintenance of any equipment, facilities, apparatus
or systems owned or controlled and operated by it or under its authority or any part or parts
thereof, for the imposition and collection of reasonable rates and rentals for and the promulgation
of reasonable regulations respecting the use of equipment, facilities, apparatus and systems
of the authority and any service furnished therefrom, for the disposition and application
of its gross revenues or any part thereof and for any other act or series of acts not inconsistent
with the provisions of this chapter for the protection of the bonds and other obligations
being secured and the assurance that revenues from such...
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11-62-8
Section 11-62-8 Bonds and notes generally - Form, terms, denominations, etc.; execution, sale,
delivery, redemption, etc.; security for payment of principal or interest; remedies upon default;
liability of municipalities, board, etc., thereupon. (a) Any authority shall have power to
issue from time to time its bonds and notes in such principal amount as its board shall determine
to be necessary to provide sufficient funds for achieving any of its corporate purposes, including
the payment of interest on any of its notes and bonds, the establishment of reserves to secure
any such notes and bonds and all other expenditures of such authority incident to and necessary
or convenient to carry out its corporate purposes and powers. Any authority shall also have
the power to issue from time to time notes to renew notes and bonds to pay notes, including
interest thereon and, whenever it deems refunding expedient, to refund any bonds by the issuance
of new bonds, whether the bonds to be refunded...
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35-8A-312
Section 35-8A-312 Conveyance or encumbrance of common elements. (a) In a condominium portions
of the common elements may be conveyed or subjected to a security interest by the association
if persons entitled to cast at least 80 percent of the votes in the association, including
80 percent of the votes allocated to units not owned by a declarant, or any larger percentage
the declaration specifies, agree to that action; but all the owners of units to which any
limited common element is allocated must agree in order to convey that limited common element
or subject it to a security interest. The declaration may specify a smaller percentage only
if all of the units are restricted exclusively to nonresidential uses. Proceeds of the sale
or loan are an asset of the association. (b) An agreement to convey common elements in a condominium
or subject them to a security interest must be evidenced by the execution of an agreement,
or ratifications thereof, in the same manner as a deed, by the...
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7-9A-301
Section 7-9A-301 Law governing perfection and priority of security interests. Except as otherwise
provided in Sections 7-9A-303 through 7-9A-306, the following rules determine the law governing
perfection, the effect of perfection or nonperfection, and the priority of a security interest
in collateral: (1) Except as otherwise provided in this section, while a debtor is located
in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection
or nonperfection, and the priority of a security interest in collateral. (2) While collateral
is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect
of perfection or nonperfection, and the priority of a possessory security interest in that
collateral. (3) Except as otherwise provided in paragraph (4), while tangible negotiable documents,
goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local
law of that jurisdiction governs: (A)...
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7-9A-501
Section 7-9A-501 Filing office. (a) Filing offices. Except as otherwise provided in subsection
(b), if the local law of this State governs perfection of a security interest or agricultural
lien, the office in which to file a financing statement to perfect the security interest or
agricultural lien is: (1) the office designated for the filing or recording of a record of
a mortgage on the related real property, if: (A) the collateral is as-extracted collateral
or timber to be cut; or (B) the financing statement is filed as a fixture filing and the collateral
is goods that are or are to become fixtures; or (2) the office of the Secretary of State,
in all other cases, including a case in which the collateral is goods that are or are to become
fixtures and the financing statement is not filed as a fixture filing. (b) Filing office for
transmitting utilities. The office in which to file a financing statement to perfect a security
interest in collateral, including fixtures, of a transmitting...
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7-9A-620
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 in subsection (g), a secured party may accept collateral in full or partial satisfaction
of the obligation it secures only if: (1) the debtor consents to the acceptance under subsection
(c); (2) the secured party does not receive, within the time set forth in subsection (d),
a notification of objection to the proposal authenticated by: (A) a person to which the secured
party was required to send a proposal under Section 7-9A-621; or (B) any other person, other
than the debtor, holding an interest in the collateral subordinate to the security interest
that is the subject of the proposal; (3) if the collateral is consumer goods, the collateral
is not in the possession of the debtor when the debtor consents to the acceptance; and (4)
subsection (e) does not require the secured party to...
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8-8-1
Section 8-8-1 Maximum rates of interest - Generally. Except as otherwise provided by law, the
maximum rate of interest upon the loan or forbearance of money, goods, or things in action,
except by written contract is $6 upon $100 for one year, and the rate of interest by written
contract is not to exceed $8 upon $100 for one year and at that rate for a greater or less
sum or for a longer or shorter time. (Code 1852, §1519; Code 1867, §1827; Code 1876, §2088;
Code 1886, §1750; Code 1896, §2626; Code 1907, §4619; Code 1923, §8563; Acts 1935, No.
37, p. 69; Code 1940, T. 9, §60.)...
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8-8-12
Section 8-8-12 Enforcement of usurious contracts. (a) Except as otherwise permitted by law,
all contracts for the payment of interest upon the loan or forbearance of goods, money, things
in action, or upon any contract whatever at a higher rate than is prescribed in this chapter
are usurious and cannot be enforced except as to the principal. (b) The borrower of money
at a usurious rate of interest shall not in any case be required to pay more than the principal
sum borrowed, and if any interest has been paid, the same must be deducted from the principal
and judgment entered for the balance only; provided, however, that the defense of usury may
not be pleaded against a holder in due course of any negotiable instrument. (Code 1852, §1523;
Code 1867, §1831; Code 1876, §2092; Code 1886, §1754; Code 1896, §2630; Code 1907, §4623;
Code 1923, §8567; Acts 1931, No. 650, p. 783; Code 1940, T. 9, §65.)...
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11-49A-11
Section 11-49A-11 Bonds - Contracts as security for payment. As security for payment of the
principal of and the interest on bonds issued or obligations assumed by it, the authority
may enter into a contract or contracts binding itself for the proper application of the proceeds
of bonds and other funds, for the continued operation and maintenance of any transit system
owned by it, or any part or parts thereof, for the imposition and collection of reasonable
rates for and the promulgation of reasonable regulations respecting any service furnished
from such system, for the disposition and application of its gross revenues or any part thereof,
and for any other act or series of acts not inconsistent with the provisions of this chapter
for the protection of the bonds and other obligations being secured and the assurance that
the revenues from such system, when added to all other moneys of the authority available therefor,
will be sufficient to operate such system, maintain the same in good...
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