reglab/housing_qa huggingface dataset:
AL Code § 7-9-315 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 3 - Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority.|Section 7-9-315 - Priority When Goods Are Commingled or Processed.

Section 7-9-315Priority when goods are commingled or processed. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)
AL Code § 7-9-316 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 3 - Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority.|Section 7-9-316 - Priority Subject to Subordination.

Section 7-9-316Priority subject to subordination. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)
AL Code § 7-9-317 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 3 - Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority.|Section 7-9-317 - Secured Party Not Obligated on Contract of Debtor.

Section 7-9-317Secured party not obligated on contract of debtor. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)
AL Code § 7-9-318 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 3 - Rights of Third Parties; Perfected and Unperfected Security Interests; Rules of Priority.|Section 7-9-318 - Defenses Against Assignee; Modification of Contract After Notification of Assignment; Term Prohibiting Assignment Ineffective; Identification and Proof of Assignment.

Section 7-9-318Defenses against assignee; modification of contract after notification of assignment; term prohibiting assignment ineffective; identification and proof of assignment. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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.)
AL Code § 7-9-401 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-401 - Place of Filing; Erroneous Filing; Removal of Collateral.

Section 7-9-401Place of filing; erroneous filing; removal of collateral. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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.)
AL Code § 7-9-402 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-402 - Formal Requisites of Financing Statement; Amendments; Mortgage as Financing Statement.

Section 7-9-402Formal requisites of financing statement; amendments; mortgage as financing statement. 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 1987, No. 87-410, p. 595, §1.)
AL Code § 7-9-403 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-403 - What Constitutes Filing; Duration of Filing; Effect of Lapsed Filing; Duties of Filing Officer.

Section 7-9-403What constitutes filing; duration of filing; effect of lapsed filing; duties of filing officer. 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. 84-307; Acts 1984, No. 84-446, p. 1040, §2; Acts 1987, No. 87-410, p. 595, §1; Acts 1991, No. 91-593, p. 1094, §1; Act 2000-724, § 1.)
AL Code § 7-9-404 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-404 - Termination Statement.

Section 7-9-404Termination statement. 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, p. 1040, §2; Acts 1987, No. 87-410, p. 595, §1.)
AL Code § 7-9-405 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-405 - Assignment of Security Interest; Duties of Filing Officer; Fees.

Section 7-9-405Assignment 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.)
AL Code § 7-9-406 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-406 - Release of Collateral; Duties of Filing Officer; Fees.

Section 7-9-406Release of collateral; 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.)
AL Code § 7-9-407 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-407 - Information From Filing Officer.

Section 7-9-407Information from filing officer. 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, p. 1040, §2; Acts 1986, No. 86-507, p. 989, §1; Acts 1987, No. 87-410, p. 595, §1; Acts 1990, No. 90-480, p. 706.)
AL Code § 7-9-408 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-408 - Financing Statements Covering Consigned or Leased Goods.

Section 7-9-408Financing statements covering consigned or leased goods. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1981, No. 81-312, p. 399.)
AL Code § 7-9-409 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-409 - Prescribed Fees in Lieu of All Others.

Section 7-9-409Prescribed fees in lieu of all others. 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.)
AL Code § 7-9-410 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 4 - Filing.|Section 7-9-410 - Rules and Regulations and Fees to Implement Central Filing System; User and Public Training as to Uniform Commercial Code and Farm Products Central Index System Program.

Section 7-9-410Rules and regulations and fees to implement central filing system; user and public training as to Uniform Commercial Code and Farm Products Central Index System Program. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1987, No. 87-410, p. 595, §2.)
AL Code § 7-9-501 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-501 - Default; Procedure When Security Agreement Covers Both Real and Personal Property.

Section 7-9-501Default; procedure when security agreement covers both real and personal property. 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.)
AL Code § 7-9-502 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-502 - Collection Rights of Secured Party.

Section 7-9-502Collection rights of secured party. 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.)
AL Code § 7-9-503 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-503 - Secured Party's Right to Take Possession After Default.

Section 7-9-503Secured party's right to take possession after default. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)
AL Code § 7-9-504 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-504 - Secured Party's Right to Dispose of Collateral After Default; Effect of Disposition.

Section 7-9-504Secured party's right to dispose of collateral after default; effect of disposition. 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.)
AL Code § 7-9-505 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-505 - Compulsory Disposition of Collateral; Acceptance of the Collateral as Discharge of Obligation.

Section 7-9-505Compulsory disposition of collateral; acceptance of the collateral as discharge of obligation. 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.)
AL Code § 7-9-506 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-506 - Debtor's Right to Redeem Collateral.

Section 7-9-506Debtor's right to redeem collateral. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)
AL Code § 7-9-507 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9 - Secured Transactions; Sales of Accounts and Chattel Paper.|Part 5 - Default.|Section 7-9-507 - Secured Party's Liability for Failure to Comply With This Part.

Section 7-9-507Secured party's liability for failure to comply with this part. Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002. (Acts 1965, No. 549, p. 811.)
AL Code § 7-9A-401 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-401 - Alienability of Debtor's Rights.

Section 7-9A-401Alienability of debtor's rights. (a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) and Sections 7-9A-406, 7-9A-407, 7-9A-408, and 7-9A-409, whether a debtor's rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article. (b) Agreement does not prevent transfer. An agreement between the debtor and secured party which prohibits a transfer of the debtor's rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-402 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-402 - Secured Party Not Obligated on Contract of Debtor or in Tort.

Section 7-9A-402Secured party not obligated on contract of debtor or in tort. The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-403 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-403 - Agreement Not to Assert Defenses Against Assignee.

Section 7-9A-403Agreement not to assert defenses against assignee. (a) "Value." In this section, "value" has the meaning provided in Section 7-3-303(a). (b) Agreement not to assert claim or defense. Except as otherwise provided in this section, an agreement between an account debtor and an assignor not to assert against an assignee any claim or defense that the account debtor may have against the assignor is enforceable by an assignee that takes an assignment: (1) for value; (2) in good faith; (3) without notice of a claim of a property or possessory right to the property assigned; and (4) without notice of a defense or claim in recoupment of the type that may be asserted against a person entitled to enforce a negotiable instrument under Section 7-3-305(a). (c) When subsection (b) not applicable. Subsection (b) does not apply to defenses of a type that may be asserted against a holder in due course of a negotiable instrument under Section 7-3-305(b). (d) Omission of required statement in consumer transaction. In a consumer transaction, if a record evidences the account debtor's obligation, if law other than this article requires that the record include a statement to the effect that the rights of an assignee are subject to claims or defenses that the account debtor could assert against the original obligee, and if the record does not include such a statement: (1) the record has the same effect as if the record included such a statement; and (2) the account debtor may assert against an assignee those claims and defenses that would have been available if the record included such a statement. (e) Rule for individual under other law. This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes. (f) Other law not displaced. Except as otherwise provided in subsection (d), this section does not displace law other than this article which gives effect to an agreement by an account debtor not to assert a claim or defense against an assignee. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-404 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee.

Section 7-9A-404Rights acquired by assignee; claims and defenses against assignee. (a) Assignee's rights subject to terms, claims, and defenses; exceptions. Unless an account debtor has made an enforceable agreement not to assert defenses or claims, and subject to subsections (b) through (e), the rights of an assignee are subject to: (1) all terms of the agreement between the account debtor and assignor and any defense or claim in recoupment arising from the transaction that gave rise to the contract; and (2) any other defense or claim of the account debtor against the assignor which accrues before the account debtor receives a notification of the assignment authenticated by the assignor or the assignee. (b) Account debtor's claim reduces amount owed to assignee. Subject to subsection (c) and except as otherwise provided in subsection (d), the claim of an account debtor against an assignor may be asserted against an assignee under subsection (a) only to reduce the amount the account debtor owes. (c) Rule for individual under other law. This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes. (d) Omission of required statement in consumer transaction. In a consumer transaction, if a record evidences the account debtor's obligation, if law other than this article requires that the record include a statement to the effect that the account debtor's recovery against an assignee with respect to claims and defenses against the assignor may not exceed amounts paid by the account debtor under the record, and if the record does not include such a statement, the extent to which a claim of an account debtor against the assignor may be asserted against an assignee is determined as if the record included such a statement. (e) Inapplicability to health-care-insurance receivable. This section does not apply to an assignment of a health-care-insurance receivable. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-405 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-405 - Modification of Assigned Contract.

Section 7-9A-405Modification of assigned contract.  (a) Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against an assignee if made in good faith and in accordance with reasonable commercial standards. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to subsections (b) through (d). (b) Applicability of subsection (a). Subsection (a) applies to the extent that: (1) the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or (2) the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under Section 7-9A-406(a). (c) Rule for individual under other law. This section is subject to law other than this article which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes. (d) Inapplicability to health-care-insurance receivable. This section does not apply to an assignment of a health-care-insurance receivable. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-407 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-407 - Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest.

Section 7-9A-407Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.  (a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that it: (1) prohibits, restricts, or requires the consent of a party to the lease to the assignment or transfer of, or the creation, attachment, perfection, or enforcement of a security interest in, an interest of a party under the lease contract or in the lessor's residual interest in the goods; or (2) provides that the assignment or transfer or the creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease. (b) Effectiveness of certain terms. Except as otherwise provided in Section 7-2A-303(7), a term described in subsection (a)(2) is effective to the extent that there is: (1) transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or (2) delegation of a material performance of either party to the lease contract in violation of the term. (c) Security interest not material impairment. The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of Section 7-2A-303(4) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-409 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 4 - Rights of Third Parties.|Section 7-9A-409 - Restrictions on Assignment of Letter-of-Credit Rights Ineffective.

Section 7-9A-409Restrictions on assignment of letter-of-credit rights ineffective. (a) Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit which prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice: (1) would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or (2) provides that the assignment or the creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right. (b) Limitation on ineffectiveness under subsection (a). To the extent that a term in a letter of credit is ineffective under subsection (a) but would be effective under law other than this article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right: (1) is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary; (2) imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and (3) does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-701 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-701 - Effective Date.

Section 7-9A-701Effective date. This article is effective January 1, 2002, except Section 7-9A-525 is effective July 1, 2001. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-702 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-702 - Savings Clause.

Section 7-9A-702Savings clause. (a) Pre-effective-date transactions or liens. Except as otherwise provided in this part, this article applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this article takes effect. (b) Continuing validity. Except as otherwise provided in subsection (c) and Sections 7-9A-703 through 7-9A-709: (1) transactions and liens that were not governed by former Article 9, were validly entered into or created before January 1, 2002, and would be subject to this article if they had been entered into or created after January 1, 2002, and the rights, duties, and interests flowing from those transactions and liens remain valid after January 1, 2002; and (2) the transactions and liens may be terminated, completed, consummated, and enforced as required or permitted by this article or by the law that otherwise would apply if this article had not taken effect. (c) Pre-effective-date proceedings. This article does not affect an action, case, or proceeding commenced before January 1, 2002. (Act 2001-481, p. 647, §1.)