7-9A-508
Section 7-9A-508 Effectiveness of financing statement if new debtor becomes bound by security
agreement. (a) Financing statement naming original debtor. Except as otherwise provided in
this section, a filed financing statement naming an original debtor is effective to perfect
a security interest in collateral in which a new debtor has or acquires rights to the extent
that the financing statement would have been effective had the original debtor acquired rights
in the collateral. (b) Financing statement becoming seriously misleading. If the difference
between the name of the original debtor and that of the new debtor causes a filed financing
statement that is effective under subsection (a) to be seriously misleading under Section
7-9A-506: (1) the financing statement is effective to perfect a security interest in collateral
acquired by the new debtor before, and within four months after, the new debtor becomes bound
under Section 7-9A-203(d); and (2) the financing statement is not...
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7-11-104
Section 7-11-104 Transition provision on change of requirement of filing. A security interest
for the perfection of which filing or the taking of possession was required under the old
U.C.C. and which attached prior to February 1, 1982, but was not perfected shall be deemed
perfected on February 1, 1982, if the new U.C.C. permits perfection without filing or authorizes
filing in the office or offices where a prior ineffective filing was made. (Acts 1981, No.
81-312, p. 399.)...
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7-9A-335
Section 7-9A-335 Accessions. (a) Creation of security interest in accession. A security interest
may be created in an accession and continues in collateral that becomes an accession. (b)
Perfection of security interest. If a security interest is perfected when the collateral becomes
an accession, the security interest remains perfected in the collateral. (c) Priority of security
interest. Except as otherwise provided in subsection (d), the other provisions of this part
determine the priority of a security interest in an accession. (d) Compliance with certificate-of-title
statute. A security interest in an accession is subordinate to a security interest in the
whole which is perfected by compliance with the requirements of a certificate-of-title statute
under Section 7-9A-311(b). (e) Removal of accession after default. After default, subject
to Part 6, a secured party may remove an accession from other goods if the security interest
in the accession has priority over the claims of every...
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7-9A-326
Section 7-9A-326 Priority of security interests created by new debtor. (a) Subordination of
security interest created by new debtor. Subject to subsection (b), a security interest that
is created by a new debtor in collateral in which the new debtor has or acquires rights and
is perfected solely by a filed financing statement that would be ineffective to perfect the
security interest but for the application of Section 7-9A-316(i)(1) or 7-9A-508 is subordinate
to a security interest in the same collateral which is perfected other than by such a filed
financing statement. (b) Priority under other provisions; multiple original debtors. The other
provisions of this part determine the priority among conflicting security interests in the
same collateral perfected by filed financing statements described in subsection (a). However,
if the security agreements to which a new debtor became bound as debtor were not entered into
by the same original debtor, the conflicting security interests rank...
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7-9A-512
Section 7-9A-512 Amendment of financing statement. (a) Amendment of information in financing
statement. Subject to Section 7-9A-509, a person may add or delete collateral covered by,
continue or terminate the effectiveness of, or, subject to subsection (e), otherwise amend
the information provided in, a financing statement by filing an amendment that: (1) identifies,
by its file number, the initial financing statement to which the amendment relates; and (2)
if the amendment relates to an initial financing statement filed or recorded in a filing office
described in Section 7-9A-501(a)(1), provides the information specified in Section 7-9A-502(b).
(b) Period of effectiveness not affected. Except as otherwise provided in Section 7-9A-515,
the filing of an amendment does not extend the period of effectiveness of the financing statement.
(c) Effectiveness of amendment adding collateral. A financing statement that is amended by
an amendment that adds collateral is effective as to the added...
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32-8-60
Section 32-8-60 Excepted liens and security interests. This chapter does not apply to or affect
any of the following: (1) A lien given by statute or rule of law to a supplier of services
or materials for the vehicle. (2) A lien given by statute to the United States, this state,
or any political subdivision of this state. (3) A security interest in a vehicle created by
a manufacturer or dealer who holds the vehicle for sale, but a buyer in the ordinary course
of trade from the manufacturer or dealer takes title free of the security interest. (4) A
lien on a utility trailer exempted under this chapter when the lien was created or established
on or after January 1, 2004. (5) A lien on a manufactured home exempted under this chapter
when the lien was created or established on or after January 1, 2010. (Acts 1973, No. 765,
p. 1147, §18; Act 2003-345, p. 870, §1; Act 2009-746, p. 2236, §2.)...
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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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2-13-114
Section 2-13-114 Referendum on assessment of milk producers and handlers. It is hereby further
declared to be in the public interest and highly advantageous to the agricultural economy
of the state that producers and handlers of milk and dairy products shall be permitted by
referendum to be held among producers in the state and subject to the provisions of this article,
to levy upon themselves an assessment on such milk produced in the state, for the purpose
of financing or contributing towards the financing of a program of promotion and nutrition
education designed to strengthen the dairy industry's position in the marketplace and to maintain
and expand domestic and foreign markets and use for fluid milk and dairy products produced
in the state and the United States. It is hereby further declared to be in the public interest
and highly advantageous to the agricultural economy of the state that the state ADA conduct
the referendum in coordination with the Alabama Farmers Dairy Division...
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32-20-40
Section 32-20-40 Applicability of chapter. This chapter does not apply to or affect any of
the following: (1) A lien given by statute or rule of law to a supplier of services or materials
for the manufactured home. (2) A lien given by statute to the United States, this state, or
any political subdivision of this state. (3) A security interest in a manufactured home created
by a manufacturer or dealer who holds the manufactured home for sale, but a buyer in the ordinary
course of trade from the manufacturer or dealer takes free of the security interest. (Act
2009-746, p. 2236, §4.)...
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35-11-217
Section 35-11-217 Selection of land to be charged in certain cases. When the land on which
the building or improvement is situated is not in a city or town and exceeds in area one acre,
any person having a lien, or his personal representative, may at any time prior to his filing
his statement in the office of the judge of probate, select one acre in addition to the land
upon which the building or improvement is situated which shall also be subject to the lien;
such selection to include the land surrounding the said building or improvement, and contiguous
thereto, and with the land on which the building or improvement is situated to constitute
but one lot or parcel. When the land on which the building or improvement is situated is in
a city or town and the improvement consists of two or more buildings united together, situated
on the same lot or contiguous or adjacent lots, or of separate buildings upon contiguous or
adjacent lots, or where the machinery, material, fixture, engine,...
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