Code of Alabama

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7-9-305
Section 7-9-305 When possession by secured party perfects security interest without filing.
Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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 1997, No. 97-702, §2.)...
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7-9-302
Section 7-9-302 When filing is required to perfect security interest; security interests to
which filing provisions of this article do not apply. THIS SECTION WAS REPEALED IN THE 2001
REGULAR SESSION, BY ACT 2001-481, EFFECTIVE JAN. 1, 2002. (1) A financing statement must be
filed to perfect all security interests except the following: (a) A security interest in collateral
in possession of the secured party under Section 7-9-305; (b) A security interest temporarily
perfected in instruments, certificated securities, or documents without delivery under Section
7-9-304 or in proceeds for a 20-day period under Section 7-9-306; (c) A security interest
created by an assignment of a beneficial interest in a trust or a decedent's estate; (d) A
purchase money security interest in consumer goods; but filing is required for a motor vehicle
required to be registered; and fixture filing is required for priority over conflicting interests
in fixtures to the extent provided in Section 7-9-313; (e) An...
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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 Repealed by Act 2001-481, p. 647, §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.)...

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7-9-203
Section 7-9-203 Attachment and enforceability of security interest; proceeds; formal requisites.
Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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 1995, No. 95-668, p. 1381, §4; Acts
1996, No. 96-742, p. 1241, §2.)...
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7-9-405
Section 7-9-405 Assignment of security interest; duties of filing officer; fees. Repealed by
Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811; Acts 1973,
No. 865, p. 1365, §1; Acts 1981, No. 81-312, p. 399; Acts 1984, No. 84-446, §2.)...

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7-9-116
Section 7-9-116 Security interest arising in purchase or delivery of financial asset. Repealed
by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1996, No. 96-742, p. 1241,
§3.)...
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7-3-302
Section 7-3-302 Holder in due course. (a) Subject to subsection (c) and Section 7-3-106(d),
"holder in due course" means the holder of an instrument if: (1) The instrument
when issued or negotiated to the holder does not bear such apparent evidence of forgery or
alteration or is not otherwise so irregular or incomplete as to call into question its authenticity;
and (2) The holder took the instrument (i) for value, (ii) in good faith, (iii) without notice
that the instrument is overdue or has been dishonored or that there is an uncured default
with respect to payment of another instrument issued as part of the same series, (iv) without
notice that the instrument contains an unauthorized signature or has been altered, (v) without
notice of any claim to the instrument described in Section 7-3-306, and (vi) without notice
that any party has a defense or claim in recoupment described in Section 7-3-305(a). (b) Notice
of discharge of a party, other than discharge in an insolvency proceeding,...
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7-9A-313
Section 7-9A-313 When possession by or delivery to secured party perfects security interest
without filing. (a) Perfection by possession or delivery. Except as otherwise provided in
subsection (b), a secured party may perfect a security interest in tangible negotiable documents,
goods, instruments, money, or tangible chattel paper by taking possession of the collateral.
A secured party may perfect a security interest in certificated securities by taking delivery
of the certificated securities under Section 7-8-301. (b) Goods covered by certificate of
title. With respect to goods covered by a certificate of title issued by this State, a secured
party may perfect a security interest in the goods by taking possession of the goods only
in the circumstances described in Section 7-9A-316(d). (c) Collateral in possession of person
other than debtor. With respect to collateral other than certificated securities and goods
covered by a document, a secured party takes possession of collateral in...
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40-14-4
Section 40-14-4 Qualification of foreign corporation to do business in state; payment of interest
and penalties. Repealed by Act 99-665, 2nd Sp. Sess., § 9. As to effective date,
see the Code Commissioner's Notes in the supplement. (Acts 1935, No. 194, p. 256; Code 1940,
T. 51, §342; Acts 1970, Ex. Sess., No. 34, p. 2657; Acts 1994, No.
94-245, p. 343, §4.)...
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4-2-11
Section 4-2-11 Unauthorized use, possession, etc., of aircraft. Repealed by Act 2000-220, §
48, effective May 13, 2000. (Acts 1945, No. 402, p. 620, §7.)...
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