reglab/housing_qa huggingface dataset:
AL Code § 7-9A-703 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-703 - Security Interest Perfected Before January 1, 2002.

Section 7-9A-703Security interest perfected before January 1, 2002.  (a) Continuing priority over lien creditor: Perfection requirements satisfied. A security interest that is enforceable immediately before January 1, 2002, and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this article if, on January 1, 2002, the applicable requirements for enforceability and perfection under this article are satisfied without further action. (b) Continuing priority over lien creditor: Perfection requirements not satisfied. Except as otherwise provided in Section 7-9A-705, if, immediately before January 1, 2002, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this article are not satisfied on January 1, 2002, the security interest: (1) is a perfected security interest for one year after January 1, 2002; (2) remains enforceable thereafter only if the security interest becomes enforceable under Section 7-9A-203 before the year expires; and (3) remains perfected thereafter only if the applicable requirements for perfection under this article are satisfied before the year expires. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-704 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-704 - Security Interest Unperfected Before January 1, 2002.

Section 7-9A-704Security interest unperfected before January 1, 2002. A security interest that is enforceable immediately before January 1, 2002, but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (1) remains an enforceable security interest for one year after January 1, 2002; (2) remains enforceable thereafter if the security interest becomes enforceable under Section 7-9A-203 on January 1, 2002, or within one year thereafter; and (3) becomes perfected: (A) without further action, on January 1, 2002, if the applicable requirements for perfection under this article are satisfied before or at that time; or (B) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-706 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-706 - When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement.

Section 7-9A-706When initial financing statement suffices to continue effectiveness of financing statement. (a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in Section 7-9A-501 continues the effectiveness of a financing statement filed before January 1, 2002, if: (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under this article; (2) the pre-effective-date financing statement was filed in an office in another State or another office in this State; and (3) the initial financing statement satisfies subsection (c). (b) Period of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective-date financing statement: (1) if the initial financing statement is filed before January 1, 2002, for the period provided in former Section 7-9-403 with respect to a financing statement; and (2) if the initial financing statement is filed after January 1, 2002, for the period provided in Section 7-9A-515 with respect to an initial financing statement. (c) Requirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must: (1) satisfy the requirements of Part 5 for an initial financing statement; (2) identify the pre-effective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and (3) indicate that the pre-effective-date financing statement remains effective. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-707 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-707 - Amendment of Pre-Effective-Date Financing Statement.

Section 7-9A-707Amendment of pre-effective-date financing statement.  (a) "Pre-effective-date financing statement". In this section, "pre-effective-date financing statement" means a financing statement filed before January 1, 2002. (b) Applicable law. After January 1, 2002, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Part 3. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed. (c) Method of amending: General rule. Except as otherwise provided in subsection (d), if the law of this State governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after January 1, 2002, only if: (1) the pre-effective-date financing statement and an amendment are filed in the office specified in Section 7-9A-501; (2) an amendment is filed in the office specified in Section 7-9A-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies Section 7-9A-706(c); or (3) an initial financing statement that provides the information as amended and satisfies Section 7-9A-706(c) is filed in the office specified in Section 7-9A-501. (d) Method of amending: Continuation. If the law of this State governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under Section 7-9A-705(d) and (f) or 7-9A-706. (e) Method of amending: Additional termination rule. Whether or not the law of this State governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this State may be terminated after January 1, 2002, by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies Section 7-9A-706(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Part 3 as the office in which to file a financing statement. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-708 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-708 - Persons Entitled to File Initial Financing Statement or Continuation Statement.

Section 7-9A-708Persons entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (A) to continue the effectiveness of a financing statement filed before January 1, 2002; or (B) to perfect or continue the perfection of a security interest. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-709 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 7 - Transition.|Section 7-9A-709 - Priority.

Section 7-9A-709Priority. (a) Law governing priority. This article determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before January 1, 2002, former Article 9 determines priority. (b) Priority if security interest becomes enforceable under Section 7-9A-203. For purposes of Section 7-9A-322(a), the priority of a security interest that becomes enforceable under Section 7-9A-203 of this article dates from January 1, 2002 if the security interest is perfected under this article by the filing of a financing statement before January 1, 2002, which would not have been effective to perfect the security interest under former Article 9. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement. (Act 2001-481, p. 647, §1.)
AL Code § 7-9A-801 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-801 - Effective Date.

Section 7-9A-801Effective date.  Act 2014-374 takes effect on July 1, 2014. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-802 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-802 - Savings Clause.

Section 7-9A-802Savings clause.  (a) Pre-effective date transactions or liens. Except as otherwise provided in this part, Act 2014-374 applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2014. (b) Pre-effective date proceedings. Act 2014-374 does not affect an action, case, or proceeding commenced before Act 2014-374 takes effect. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-803 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-803 - Security Interest Perfected Before July 1, 2014.

Section 7-9A-803Security interest perfected before July 1, 2014.  (a) Continuing perfection: perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2014, is a perfected security interest under Article 9A as amended by Act 2014-374 if, when Act 2014-374 takes effect, the applicable requirements for attachment and perfection under Article 9A as amended by Act 2014-374 are satisfied without further action. (b) Continuing perfection: perfection requirements not satisfied. Except as otherwise provided in Section 7-9A-805, if, immediately before July 1, 2014, a security interest is a perfected security interest, but the applicable requirements for perfection under Article 9A as amended by Act 2014-374 are not satisfied before July 1, 2014, the security interest remains perfected thereafter only if the applicable requirements for perfection under Article 9A as amended by Act 2014-374 are satisfied before July 1, 2014. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-804 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-804 - Security Interest Unperfected Before Effective Date.

Section 7-9A-804Security interest unperfected before effective date.  A security interest that is an unperfected security interest immediately before July 1, 2014, becomes a perfected security interest: (1) without further action, on July 1, 2014, if the applicable requirements for perfection under Article 9A as amended by Act 2014-374 are satisfied before or at that time; or (2) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-806 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-806 - When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement.

Section 7-9A-806When initial financing statement suffices to continue effectiveness of financing statement.  (a) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in Section 7-9A-501 continues the effectiveness of a financing statement filed before July 1, 2014, if: (1) the filing of an initial financing statement in that office would be effective to perfect a security interest under Article 9A as amended by Act 2014-374; (2) the pre-effective date financing statement was filed in an office in another state; and (3) the initial financing statement satisfies subsection (c). (b) Period of continued effectiveness. The filing of an initial financing statement under subsection (a) continues the effectiveness of the pre-effective date financing statement: (1) if the initial financing statement is filed before July 1, 2014, for the period provided in unamended Section 7-9A-515 with respect to an initial financing statement; and (2) if the initial financing statement is filed after July 1, 2014, for the period provided in Section 7-9A-515, as amended by Act 2014-374, with respect to an initial financing statement. (c) Requirements for initial financing statement under subsection (a). To be effective for purposes of subsection (a), an initial financing statement must: (1) satisfy the requirements of Part 5 as amended by Act 2014-374 for an initial financing statement; (2) identify the pre-effective date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and (3) indicate that the pre-effective date financing statement remains effective. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-807 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-807 - Amendment of Pre-Effective Date Financing Statement.

Section 7-9A-807Amendment of pre-effective date financing statement.  (a) Pre-effective date financing statement. In this section, pre-effective date financing statement means a financing statement filed before July 1, 2014. (b) Applicable law. After July 1, 2014, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in Article 9A as amended by Act 2014-374. However, the effectiveness of a pre-effective date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed. (c) Method of amending: general rule. Except as otherwise provided in subsection (d), if the law of this state governs perfection of security interest, the information in a pre-effective date financing statement may be amended after Act 2014-374 takes effect only if: (1) the pre-effective date financing statement and an amendment are filed in the office specified in Section 7-9A-501; (2) an amendment is filed in the office specified in Section 7-9A-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies Section 7-9A-806(c); or (3) an initial financing statement that provides the information as amended and satisfies Section 7-9A-806(c) is filed in the office specified in Section 7-9A-501. (d) Method of amending: continuation. If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement may be continued only under Section 7-9A-805(c) and (e) or Section 7-9A-806. (e) Method of amending: additional termination rule. Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective date financing statement filed in this state may be terminated after Act 2014-374 takes effect by filing a termination statement in the office in which the pre-effective date financing statement is filed, unless an initial financing statement that satisfies Section 7-9A-806(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in Article 9A as amended by Act 2014-374 as the office in which to file a financing statement. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-808 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-808 - Person Entitled to File Initial Financing Statement or Continuation Statement.

Section 7-9A-808Person entitled to file initial financing statement or continuation statement.  A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (A) to continue the effectiveness of a financing statement filed before Act 2014-374 takes effect; or (B) to perfect or continue the perfection of a security interest. (Act 2014-374, p. 1339, §2.)
AL Code § 7-9A-809 (2021)
2021 Code of Alabama|Title 7 - Commercial Code.|Article 9A - Secured Transactions.|Part 8 - Transition for 2014 Amendments.|Section 7-9A-809 - Priority.

Section 7-9A-809Priority.  Act 2014-374 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2014, Article 9A as it existed before amendment determines priority. (Act 2014-374, p. 1339, §2.)
AL Code § 8-1-1 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 1 - General Provisions.|Section 8-1-1 - Contracts Restraining Business Void; Exceptions.

Section 8-1-1Contracts restraining business void; exceptions. Repealed by Act 2015-465 effective January 1, 2016. (Code 1923, §§6826, 6827, 6828; Acts 1931, No. 546, p. 647; Code 1940, T. 9, §§22, 23, 24.)
AL Code § 8-1-2 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 1 - General Provisions.|Section 8-1-2 - Written Contract Not Expressing Parties' Intent May Be Revised.

Section 8-1-2Written contract not expressing parties' intent may be revised. When, through fraud, a mutual mistake of the parties or a mistake of one party which the other at the time knew or suspected, a written contract does not truly express the intention of the parties, it may be revised by a court on the application of the party aggrieved so as to express that intention, so far as it can be done without prejudice to the rights acquired by third persons in good faith and for value. (Code 1923, §6825; Code 1940, T. 9, §59.)
AL Code § 8-1-3 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 1 - General Provisions.|Section 8-1-3 - Receipt or Acknowledgment for Collateral Required.

Section 8-1-3Receipt or acknowledgment for collateral required. (a) All banking, insurance and other corporations, private bankers, brokers and other persons engaged in the business of making discounts or lending money, or taking or receiving a collateral for a loan or discount, must give to the borrower, or to his agent or attorney, if demanded, a receipt or acknowledgment in writing designating or describing the collateral taken or received and stating the character of the debt, the time of its maturity and amount for the payment of which such collateral is intended as security. (b) If negotiable bonds are taken or received as collateral, the receipt or acknowledgment must state the series number thereof if such bonds are numbered. (Code 1886, §1785; Code 1896, §946; Code 1907, §3301; Code 1923, §6743; Code 1940, T. 9, §9.)
AL Code § 8-1-4 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 1 - General Provisions.|Section 8-1-4 - Reimbursement for Certain Federal Manufacturer's Excise Taxes; Option to Tender Payment One Business Day Before Remittance Due to Internal Revenue Service; Notification and Security; Applicability.

Section 8-1-4Reimbursement for certain federal manufacturer's excise taxes; option to tender payment one business day before remittance due to Internal Revenue Service; notification and security; applicability. (a) A party to a contract required to reimburse another party to the contract for the federal manufacturer's excise tax levied pursuant to Sections 4081 to 4083, inclusive, and Section 4091 of Title 26 of the United States Code, whether as a separate item or as a part of the price, may tender payment for the taxes one business day prior to the time that the other party is required to remit the taxes to the United States Internal Revenue Service. (b) If a party elects to make payment pursuant to subsection (a), the party to which the payment is owed may demand security for the payment of the taxes in proportion to the amount the taxes represent compared to the security demanded on the contract as a whole. The other party may not change the payment terms of the contract without a valid business reason other than the exercise of the option to be made by electronic transfer of funds. (c) The party exercising the option in subsection (a) shall notify the other party in writing of the intent to exercise the payment option and the effective date of the exercise which shall not be earlier than 30 days after the notice of intent is received or the beginning of the next federal tax quarter, whichever is later. (d) This section shall apply to all contracts existing on June 1, 1996 in which a reimbursement for taxes due has not been made, and to all other contracts entered into or renewed after June 1, 1996. Additionally and specifically, this section shall also apply to contracts arising from daily wholesale price offers which are accepted or rejected by the acceptance or rejection of products at such stated prices. Each daily price offering is a new offer and each purchase of product at a given price offer creates a new contract to which this section applies. (e) The exercise of an option pursuant to subsection (a) shall not relieve the party of the obligation to make the reimbursement as provided for in the contract but shall affect only the timing of when that reimbursement shall be tendered. (Acts 1996, No. 96-408, p. 516, §1.)
AL Code § 8-1-20 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 2 - Accord and Satisfaction.|Section 8-1-20 - "Accord" Defined.

Section 8-1-20"Accord" defined. An "accord" is an agreement to accept in extinction of an obligation something different from or less than that to which the person agreeing to accept is claiming or entitled. (Code 1923, §5640; Code 1940, T. 9, §1.)
AL Code § 8-1-21 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 2 - Accord and Satisfaction.|Section 8-1-21 - Obligation Not Extinguished by Accord Until Executed.

Section 8-1-21Obligation not extinguished by accord until executed. Though the parties to an accord are bound to execute it, it does not extinguish the obligation until it is fully executed. (Code 1923, §5641; Code 1940, T. 9, §2.)
AL Code § 8-1-22 (2021)
2021 Code of Alabama|Title 8 - Commercial Law and Consumer Protection.|Chapter 1 - Contracts.|Article 2 - Accord and Satisfaction.|Section 8-1-22 - Accepting Accord Consideration Deemed Satisfaction.

Section 8-1-22Accepting accord consideration deemed satisfaction. Acceptance of the consideration of an accord extinguishes the obligation and is called satisfaction. (Code 1923, §5642; Code 1940, T. 9, §3.)