Ala. Code § 7-9A-903: Scope.
Where this section sits in the code
- Title 7 Commercial Code.
- Article 9A Secured Transactions.
- Part 9 The Uniform Assignment for Benefit of Creditors Act.
This part applies to an assignment made by an assignor that is:
(1) An organization whose principal place of business is in this state;
(2) An organization whose internal affairs are governed by the law of this state;
(3) An individual whose principal residence is in this state;
(4) An organization wholly owned, directly or indirectly, by an assignor that satisfies subdivision (1), (2), or (3); or
(5) An organization that:
a. Is partly owned, directly or indirectly, and controlled by an assignor that satisfies subdivision (1), (2), or (3);
b. Has no place of business or employees; and
c. Relies on the services the organization receives from an assignor that satisfies subdivision (1), (2), or (3).
Collected 2026-10-10T05:41:29Z. Source file · JSON