Code of Alabama
Ala. Code § 7-8-307 (2026)
Purchaser’s Right to Requisites for Registration of Transfer.
✓ official Alabama Legislature (ALISON) text, current July 2026
Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
(Acts 1996, No. 96-742, p. 1241, §1.)
Notes of Decisions
Cited in 1
case, 1982–1982 · leading case: State v. Georgia-Florida-Alabama Equip. Co., 425 So. 2d 472 (Ala. Civ. App. 1982).
State v. Georgia-Florida-Alabama Equip. Co., 425 So. 2d 472 (Ala. Civ. App. 1982). “Thus GFA became the owner of the two shares issued to the Adamses upon delivery.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.