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Ala. Code § 7-9A-107A

Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible.

Known as the Uniform Commercial Code

The act spans §§ 7-10-101 to 7-9A-809 (703 sections).

(Act 2023-492, §2.)

(a) Control under Section 7-12-105. A secured party has control of a controllable electronic record as provided in Section 7-12-105.

(b) Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.