Alabama Statutes
§ 7-9A-107A — Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible
Alabama·Title 7 Commercial Code·Art. 9A Secured Transactions·Div. 1 Short Title, Definitions, and General Concepts
(a)Control under Section 7-12-105. A secured party has control of a controllable electronic record as provided in Section 7-12-105.
(b)Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.
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Alabama § 7-9A-107A (Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2023-492, §2.)
Nearby Sections
15
§ 7-1-101
Short Titles§ 7-1-102
Scope of Article§ 7-1-104
Construction Against Implied Repeal§ 7-1-105
Severability§ 7-1-106
Use of Singular and Plural; Gender§ 7-1-107
Section Captions§ 7-1-109
Section Captions§ 7-1-201
General Definitions§ 7-1-202
Notice; Knowledge§ 7-1-204
Value§ 7-1-205
Reasonable Time; Seasonableness§ 7-1-206
Presumptions