Ala. Code
Code of Alabama

Ala. Code § 7-9-304 (2026)

Perfection of Security Interest in Instruments, Documents, Proceeds of a Written Letter of Credit, and Goods Covered by Documents; Perfection by Permissive Filing; Temporary Perfection Without Filing or Transfer of Possession.

✓ official Alabama Legislature (ALISON) text, current July 2026
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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.

(Acts 1965, No. 549, p. 811; Acts 1981, No. 81-312, p. 399; Acts 1996, No. 96-742, p. 1241, §2; Acts 1997, No. 97-702, §2.)

Notes of Decisions
Cited in 2 cases, 2003–2005 · leading case: Morgan v. Farmers & Merchants Bank, 856 So. 2d 811 (Ala. 2003).
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Mims v. First Citizens Bank, 913 So. 2d 1098 (Ala. Civ. App. 2005). · cites it 2× “A has a temporarily perfected (21 day) security interest, unfiled, in a negotiable document in the debtor's possession under Section 7-9-304(4) or (5). On the fifth day B files and thus perfects a security interest in the same document.”
Morgan v. Farmers & Merchants Bank, 856 So. 2d 811 (Ala. 2003). · cites it 2× “" Ala. Code 1975, § 7-9-304(1): "(1) . . . A security interest in money or instruments (other than instruments which constitute part of chattel paper) can be perfected only by the secured party's taking possession, except as provided in subsections (4) and (5) of this section…”
— Ala. Code § 7-9-304(1) — 1 case
Morgan v. Farmers & Merchants Bank, 856 So. 2d 811 (Ala. 2003). “" Ala. Code 1975, § 7-9-304(1): "(1) . . . A security interest in money or instruments (other than instruments which constitute part of chattel paper) can be perfected only by the secured party's taking possession, except as provided in subsections (4) and (5) of this section…”
— Ala. Code § 7-9-304(4) — 1 case
Mims v. First Citizens Bank, 913 So. 2d 1098 (Ala. Civ. App. 2005). “A has a temporarily perfected (21 day) security interest, unfiled, in a negotiable document in the debtor's possession under Section 7-9-304(4) or (5). On the fifth day B files and thus perfects a security interest in the same document.”
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