Alabama Statutes
§ 8-1-123 — Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
Alabama § 8-1-123
This text of Alabama § 8-1-123 (Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void 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 § 8-1-123 (2026).
Text
Proof that anything of value agreed to be sold and delivered was not actually delivered at the time of making the agreement to sell and deliver and that one of the parties to such agreement deposited or secured, or agreed to deposit or secure, what are commonly called “margins” shall constitute prima facie evidence of a contract declared void by this article.
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Legislative History
(Code 1907, §3351; Acts 1915, No. 791, p. 913; Code 1923, §6819; Code 1940, T. 9, §33.)
Nearby Sections
15
§ 8-1-120
DefinitionsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 8-1-123, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/8-1-123.