Code of Alabama
Ala. Code § 7-9-112 (2026)
Where Collateral Is Not Owned by Debtor.
✓ official Alabama Legislature (ALISON) text, current July 2026
Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.
(Acts 1965, No. 549, p. 811.)
Notes of Decisions
Cited in 2
cases, 1987–1997 · leading case: In Re James Estil Atchison, Sr. & Ruth Atchison, Debtors. Merchants Bank v. James Estil Atchison, Sr. & Ruth Atchison, 832 F.2d 1236 (11th Cir. 1987).
In Re James Estil Atchison, Sr. & Ruth Atchison, Debtors. Merchants Bank v. James Estil Atchison, Sr. & Ruth Atchison, 832 F.2d 1236 (11th Cir. 1987). “See Ala.Code § 7-9-112 (1984). As these sections indicate, the drafters of the Code intended that "rights in the collateral" not be equated with ownership.”
Matter of 4-R Mgmt., Inc., 208 B.R. 232 (Bankr. N.D. Ala. 1997). “’ Even more pointedly, § 7-9-112 outlines the rights of an owner of collateral when it has been pledged by someone else.”
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