Alabama § 7-12A-301 Saving Clause

Alabama Statutes

§ 7-12A-301 — Saving Clause

Alabama § 7-12A-301

Title 7Commercial Code

Art. 12ATransitional Provisions for Uniform Commercial Code Amendments (2022)

Part 3Transitional Provisions for Articles 9A and 12

This text of Alabama § 7-12A-301 (Saving Clause) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 7-12A-301 (2026).

Text

(a)Pre-effective date transaction, lien, or interest. Except as provided in this part, Article 9A as amended by Act 2023-492 and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before July 1, 2024.

(b)Continuing validity. Except as provided in subsection (c) and Sections 7-12A-302 through 7-12A-306:

(1)a transaction, lien, or interest in property that was validly entered into, created, or transferred before July 1, 2024, and was not governed by the Uniform Commercial Code, but would be subject to Article 9A as amended by Act 2023-492 or Article 12 if it had been entered into, created, or transferred on or after July 1, 2024, including the rights, duties, and interests flowing from t

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Pre-effective date transaction, lien, or interest. Except as provided in this part, Article 9A as amended by Act 2023-492 and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before July 1, 2024.
(b) Continuing validity. Except as provided in subsection (c) and Sections 7-12A-302 through 7-12A-306:
(1) a transaction, lien, or interest in property that was validly entered into, created, or transferred before July 1, 2024, and was not governed by the Uniform Commercial Code, but would be subject to Article 9A as amended by Act 2023-492 or Article 12 if it had been entered into, created, or transferred on or after July 1, 2024, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after the July 1, 2024; and
(2) the transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by Act 2023-492 or by the law that would apply if Act 2023-492 had not taken effect.
(c) Pre-effective date proceeding. Act 2023-492 does not affect an action, case, or proceeding commenced before July 1, 2024.