Except as otherwise provided by the law of this state other than this article, property that a receiver or owner acquires after appointment of the receiver is subject to a security agreement entered into before the appointment to the same extent as if the court had not appointed the receiver.
Ala. Code § 6-6-789
Security Agreement Covering After-Acquired Property.
Known as the Alabama Uniform Commercial Real Estate Receivership Act
The act spans §§ 6-6-780 to 6-6-807 (28 sections).
(Act 2024-380, §10.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.