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Alabama · Through Act 2026-611

Ala. Code § 7-9A-903: Scope.

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Where this section sits in the code
  1. Title 7 Commercial Code.
  2. Article 9A Secured Transactions.
  3. 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

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