Alabama Statutes
§ 7-9A-107B — No Requirement to Acknowledge or Confirm; No Duties
Alabama·Title 7 Commercial Code·Art. 9A Secured Transactions·Div. 1 Short Title, Definitions, and General Concepts
(a)No requirement to acknowledge. A person that has control under Section 7-9A-104, or 7-9A-105, is not required to acknowledge that it has control on behalf of another person.
(b)No duties or confirmation. If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this article otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person.
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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