7-9A-208
Section 7-9A-208 Additional duties of secured party having control of collateral. (a)
Applicability of section. This section applies to cases in which there is no
outstanding secured obligation and the secured party is not committed to make advances, incur
obligations, or otherwise give value. (b) Duties of secured party after receiving demand from
debtor. Within 10 days after receiving an authenticated demand by the debtor: (1) a secured
party having control of a deposit account under Section 7-9A-104(a)(2) shall send to
the bank with which the deposit account is maintained an authenticated statement that releases
the bank from any further obligation to comply with instructions originated by the secured
party; (2) a secured party having control of a deposit account under Section 7-9A-104(a)(3)
shall: (A) pay the debtor the balance on deposit in the deposit account; or (B) transfer the
balance on deposit into a deposit account in the debtor's name; (3) a secured party, other
than a...
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7-9A-209
Section 7-9A-209 Duties of secured party if account debtor has been notified of assignment.
(a) Applicability of section. Except as otherwise provided in subsection (c), this
section applies if: (1) there is no outstanding secured obligation; and (2) the secured
party is not committed to make advances, incur obligations, or otherwise give value. (b) Duties
of secured party after receiving demand from debtor. Within 10 days after receiving an authenticated
demand by the debtor, a secured party shall send to an account debtor that has received notification
of an assignment to the secured party as assignee under Section 7-9A-406(a) an authenticated
record that releases the account debtor from any further obligation to the secured party.
(c) Inapplicability to sales. This section does not apply to an assignment constituting
the sale of an account, chattel paper, or payment intangible. (d) Authenticated demand. In
this section, "authenticated demand" means a record authenticated by the...

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7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In
this article: (1) "Accession" means goods that are physically united with other
goods in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...

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11-81-222
Section 11-81-222 Contents of complaint; order and notice of hearing to show cause why
obligations not valid. (a) The complaint by appropriate allegations, references or exhibits
shall briefly state the following: the authority for issuing such obligations; the resolution
or resolutions authorizing their issuance and the fact of their adoption and all essential
proceedings had or taken in connection therewith; the amount of the obligations to be issued;
the maximum rate of interest they are to bear; when principal and interest are to be paid
and the place of payment (unless the successful bidder at public sale will have the right
to name, designate, request or suggest the place of payment, which shall be stated if this
is the case); the taxes, other revenues or other means provided for their payment; and, in
the case of obligations payable from taxes, the amount of outstanding indebtedness payable
or secured by the same taxes and the assessed valuation for the then preceding tax year...

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7-9A-513
Section 7-9A-513 Termination statement. (a) Consumer goods. A secured party shall cause
the secured party of record for a financing statement to file a termination statement for
the financing statement if the financing statement covers consumer goods and: (1) there is
no obligation secured by the collateral covered by the financing statement and no commitment
to make an advance, incur an obligation, or otherwise give value; or (2) the debtor did not
authorize the filing of the initial financing statement. (b) Time for compliance with subsection
(a). To comply with subsection (a), a secured party shall cause the secured party of record
to file the termination statement: (1) within one month after there is no obligation secured
by the collateral covered by the financing statement and no commitment to make an advance,
incur an obligation, or otherwise give value; or (2) if earlier, within 20 days after the
secured party receives an authenticated demand from a debtor. (c) Other collateral....
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7-9A-608
Section 7-9A-608 Application of proceeds of collection or enforcement; liability for
deficiency and right to surplus. (a) Application of proceeds, surplus, and deficiency if obligation
secured. If a security interest or agricultural lien secures payment or performance of an
obligation, the following rules apply: (1) A secured party shall apply or pay over for application
the cash proceeds of collection or enforcement under Section 7-9A-607 in the following
order to: (A) the reasonable expenses of collection and enforcement and, to the extent provided
for by agreement and not prohibited by law, reasonable attorney's fees and legal expenses
incurred by the secured party; (B) the satisfaction of obligations secured by the security
interest or agricultural lien under which the collection or enforcement is made; and (C) the
satisfaction of obligations secured by any subordinate security interest in or other lien
on the collateral subject to the security interest or agricultural lien under...
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7-9A-210
Section 7-9A-210 Request for accounting; request regarding list of collateral or statement
of account. (a) Definitions. In this section: (1) "Request" means a record
of a type described in paragraph (2), (3), or (4). (2) "Request for an accounting"
means a record authenticated by a debtor requesting that the recipient provide an accounting
of the unpaid obligations secured by collateral and reasonably identifying the transaction
or relationship that is the subject of the request. (3) "Request regarding a list of
collateral" means a record authenticated by a debtor requesting that the recipient approve
or correct a list of what the debtor believes to be the collateral securing an obligation
and reasonably identifying the transaction or relationship that is the subject of the request.
(4) "Request regarding a statement of account" means a record authenticated by a
debtor requesting that the recipient approve or correct a statement indicating what the debtor
believes to be the aggregate...
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7-9A-203
Section 7-9A-203 Attachment and enforceability of security interest; proceeds; supporting
obligations; formal requisites. (a) Attachment. A security interest attaches to collateral
when it becomes enforceable against the debtor with respect to the collateral, unless an agreement
expressly postpones the time of attachment. (b) Enforceability. Except as otherwise provided
in subsections (c) through (i), a security interest is enforceable against the debtor and
third parties with respect to the collateral only if: (1) value has been given; (2) the debtor
has rights in the collateral or the power to transfer rights in the collateral to a secured
party; and (3) one of the following conditions is met: (A) the debtor has authenticated a
security agreement that provides a description of the collateral and, if the security interest
covers timber to be cut, a description of the land concerned; (B) the collateral is not a
certificated security and is in the possession of the secured party under...
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7-9A-615
Section 7-9A-615 Application of proceeds of disposition; liability for deficiency and
right to surplus. (a) Application of proceeds. A secured party shall apply or pay over for
application the cash proceeds of disposition under Section 7-9A-610 in the following
order to: (1) the reasonable expenses of retaking, holding, preparing for disposition, processing,
and disposing, and, to the extent provided for by agreement and not prohibited by law, reasonable
attorney's fees and legal expenses incurred by the secured party; (2) the satisfaction of
obligations secured by the security interest or agricultural lien under which the disposition
is made; (3) the satisfaction of obligations secured by any subordinate security interest
in or other subordinate lien on the collateral if: (A) the secured party receives from the
holder of the subordinate security interest or other lien an authenticated demand for proceeds
before distribution of the proceeds is completed; and (B) in a case in which a...
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6-6-752
Section 6-6-752 Contents of petition; order to show cause; service of petition and order
on district attorney; publication of public notice. (a) The authority for issuing such obligations,
the fact that an election has been held and that such election was in favor of the issuance
of such obligations, if an election was required, the ordinances or resolutions authorizing
their issuance and the fact of their adoption, and all essential proceedings had or taken
in connection therewith, the amount of the obligations to be issued, the maximum rate of interest
they are to bear, when principal and interest are to be paid and the place of payment (unless
the successful bidder at public sale will have the right to name, designate, request, or suggest
the place of payment, which shall be stated if this is the case), the tax or other means provided
for their payment, the assessed value of the property in the unit, the amount of outstanding
indebtedness incurred and the date or dates when so...
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