Code of Alabama
Ala. Code § 7-9-309 (2026)
Protection of Purchasers of Instruments and Documents.
✓ 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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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 1996, No. 96-742, p. 1241, §2.)
Notes of Decisions
Cited in 2
cases, 1991–1993 · leading case: Util. Contractors Fin. Servs., Inc. v. AmSouth Bank, N.A. (In Re Joe Morgan, Inc.), 130 B.R. 331 (Bankr. S.D. Ala. 1991).
Util. Contractors Fin. Servs., Inc. v. AmSouth Bank, N.A. (In Re Joe Morgan, Inc.), 130 B.R. 331 (Bankr. S.D. Ala. 1991). “Pre-July 17, 1989 Accounts UCON is a holder in due course under § 7-9-309 of the Code of Alabama (1975) and therefore has priority over Sunburst’s prior security interest.”
Util. Contractors Fin. Servs., Inc. v. Amsouth Bank N.A. (In re Joe Morgan, Inc.), 985 F.2d 1554 (11th Cir. 1993). “If it is, then we must decide whether, pursuant to Ala.Code § 7-9-309, UCON, as an HDC, has a priority interest in checks it received in payment on accounts receivable which were purchased from JMI, notwithstanding Sunburst’s senior, perfected security interest in those…”
Annotations are extracted automatically from the opinions in the
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treatment. Dots show Syfertize treatment of the citing case itself.