Code of Alabama
Ala. Code § 7-9-113 (2026)
Security Interests Arising Under the Article on Sales or Under the Article on Leases.
✓ 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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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; Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §603.)
Notes of Decisions
Cited in 5
cases, 1983–2000 · leading case: First Nat. Bank of Franklin Cty. v. Smith, 447 So. 2d 705 (Ala. 1984).
First Nat. Bank of Franklin Cty. v. Smith, 447 So. 2d 705 (Ala. 1984). “1 Section 7-9-203, as it existed when the security agreement in question was executed, provided: "Subject to the provisions of section 7-4-208 on the security interest of a collecting bank and section 7-9-113 or a security interest arising under the article on sales, a security…”
Mattheiss v. Title Loan Express (In Re Mattheiss), 214 B.R. 20 (Bankr. N.D. Ala. 1997). “Code § 7-9-203(1) provides the following: (1) Subject to the provisions of Section 7-4-210 on the security interest of a collecting bank and Section 7-9-113 on a security interest arising under the article on sales, or the article on leases, a security interest is not…”
Gold Kist, Inc. v. Farmers & Merchants Bank, 425 So. 2d 452 (Ala. 1983). “The UCC makes the following provisions for the creation of a security interest in crops: *Page 453 "Subject to the provisions of section 7-4-208 on the security interest of a collecting bank and section 7-9-113 on a security interest arising under the article on sales, a…”
Ex Parte People's Cmty. Bank of Ashford, 775 So. 2d 819 (Ala. 2000). “Code 1975, § 7-9-203, which in 1996 read as follows: "(1) Subject to the provisions of Section 7-4-210 on the security interest of a collecting bank, and Section 7-9-113 on a security interest arising under the article *Page 823 on sales or the article on leases, a security…”
Farmers Coop. of Ashford, Inc. v. People's Cmty. Bank of Ashford, 775 So. 2d 817 (Ala. Civ. App. 1998). “Code 1975, outlines the prerequisites to the existence of a security interest: “(1) Subject to the provisions of Section 7-4-210 on the security interest of a collecting bank and Section 7-9-113 on a security interest arising under the article on sales or the article on leases,…”
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