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Rights of Third Parties

  • Ala. Code § 7-9A-401— Alienability of Debtor’s Rights.
  • Ala. Code § 7-9A-402— Secured Party Not Obligated on Contract of Debtor or in Tort.
  • Ala. Code § 7-9A-403— Agreement Not to Assert Defenses Against Assignee.
  • Ala. Code § 7-9A-404— Rights Acquired by Assignee; Claims and Defenses Against Assignee.
  • Ala. Code § 7-9A-405— Modification of Assigned Contract.
  • Ala. Code § 7-9A-406— Discharge of Account Debtor; Notification of Assignment; Identification and Proof of Assignment; Restrictions on Assignment of Accounts, Chattel Paper, Payment Intangibles, and Promissory Notes Ineffective.
  • Ala. Code § 7-9A-407— Restrictions on Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor’s Residual Interest.
  • Ala. Code § 7-9A-408— Restrictions on Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective.
  • Ala. Code § 7-9A-409— Restrictions on Assignment of Letter-of-Credit Rights Ineffective.