Except as provided in Part 3, a transaction validly entered into before July 1, 2024, and the rights, duties, and interests flowing from the transaction remain valid thereafter and may be terminated, completed, consummated, or enforced as required or permitted by law other than the Uniform Commercial Code or, if applicable, the Uniform Commercial Code, as though Act 2023-492 had not taken effect.
Ala. Code § 7-12A-201
Saving Clause.
Known as the Transitional Provisions for Uniform Commercial Code
The act spans §§ 7-12A-101 to 7-12A-306 (9 sections).
(Act 2023-492, §4.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.