Ala. Code § 7-9A-326A

Current with legislation from 2024 effective through May 17, 2024.

Section 7-9A-326A - [Effective 7/1/2024] Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible

A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.

Ala. Code § 7-9A-326A (1975)

Added by Act 2023-492,§ 2, eff. 7/1/2024.