Section 7-9A-107A - [Effective 7/1/2024] Control of controllable electronic record, controllable account, or controllable payment intangible(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.Ala. Code § 7-9A-107A (1975)
Added by Act 2023-492,§ 2, eff. 7/1/2024.