Alabama § 8-1-122 Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract

Alabama Statutes

§ 8-1-122 — Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract

Alabama § 8-1-122

Title 8Commercial Law and Consumer Protection

Ch. 1Contracts

Art. 7Future Delivery

This text of Alabama § 8-1-122 (Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract) 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 § 8-1-122 (2026).

Text

Every person shall furnish, upon demand, to any principal for whom such person has executed any order for the actual purchase or sale of any commodities, stocks, or bonds for future delivery, a written statement containing the names of the persons from whom such property was bought or to whom it has been sold, as the fact may be, the time when and the place where, and if the person shall refuse or neglect to furnish such statement within 24 hours after such demand, such refusal or neglect shall be prima facie evidence that such purchase or sale was an illegal contract declared void by this article.

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Every person shall furnish, upon demand, to any principal for whom such person has executed any order for the actual purchase or sale of any commodities, stocks, or bonds for future delivery, a written statement containing the names of the persons from whom such property was bought or to whom it has been sold, as the fact may be, the time when and the place where, and if the person shall refuse or neglect to furnish such statement within 24 hours after such demand, such refusal or neglect shall be prima facie evidence that such purchase or sale was an illegal contract declared void by this article.