Alabama § 7-8-307 Purchaser’s Right to Requisites for Registration of Transfer

Alabama Statutes

§ 7-8-307 — Purchaser’s Right to Requisites for Registration of Transfer

Alabama § 7-8-307

Title 7Commercial Code

Art. 8Investment Securities

Part 3Transfer of Certificated and Uncertificated Securities

This text of Alabama § 7-8-307 (Purchaser’s Right to Requisites for Registration of Transfer) 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 § 7-8-307 (2026).

Text

Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.

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Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.