All bonds, writings, and contracts for the payment of money, or other thing, or the performance of any act or duty, are assignable by endorsement so as to authorize an action thereon by each successive endorsee.
Ala. Code § 8-5-20
Bonds, Contracts, Writings for Payment of Money, Etc., Assignable by Endorsement.
Applied in 1 court decision — leading case Cash v. State Farm Fire & Cas. Co. (2000)
Most recently applied in Cash v. State Farm Fire & Cas. Co. (December 2000)
(Code 1852, §1530; Code 1867, §1838; Code 1876, §2099; Code 1886, §1762; Code 1896, §876; Code 1907, §5158; Code 1923, §9231; Code 1940, T. 39, §200.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.