Code of Alabama
Ala. Code § 7-9-501 (2026)
Default; Procedure When Security Agreement Covers Both Real and Personal Property.
✓ 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Repealed by Act 2001-481, p. 647, § 4, effective January 1, 2002.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 1981, No. 81-312, p. 399.)
Notes of Decisions
Cited in 8
cases, 1982–2000 · leading case: McGrady v. Nissan Motor Acceptance Corp., 40 F. Supp. 2d 1323 (M.D. Ala. 1998).
McGrady v. Nissan Motor Acceptance Corp., 40 F. Supp. 2d 1323 (M.D. Ala. 1998). “ORDER Based on the foregoing, it is CONSIDERED and ORDERED that: (1) Defendant Nissan’s Motion for Summary Judgment with respect to Plaintiffs claim of conversion be and the same is hereby DENIED; (2) Defendant Nissan’s Motion for Summary Judgment with respect to Plaintiffs…”
Peoples Bank of Tuscaloosa v. Comput. Room, Inc. (In Re Comput. Room, Inc.), 24 B.R. 732 (Bankr. N.D. Ala. 1982). “Ala.Code § 7-9-501 (1975) gives the senior secured party cumulative rights without requiring marshaling.”
Turner v. DeKalb Bank (In Re Turner), 209 B.R. 558 (Bankr. N.D. Ala. 1997). “explicitly provides that its statutory remedies are in addition to those provided under common law, and cites Ala.Code § 7-9-501 (1975) as authority for this position.”
Farmers & Merchants Bank of Centre v. Hancock, 506 So. 2d 305 (Ala. 1987). “NOTES [1] Code 1975, § 7-9-501(1), provides that after default the secured party "may reduce his claim to judgment, foreclose or otherwise enforce the security interest by any available judicial procedure.”
Greene v. Assocs. (In Re Green), 248 B.R. 583 (Bankr. N.D. Ala. 2000). “That case was decided on other grounds not involving the sufficiency of the notice received by Rainey. We are, therefore, unable to attach to Rainey the precedential value Simmons urges we ascribe to it.”
Miller v. Alabama Cent. Credit Union, 662 So. 2d 270 (Ala. Civ. App. 1994). “Miller and First Capital filed an answer and counterclaim, wherein claims for conversion, breach of fiduciary duty, fraud, and a violation of Ala.Code 1975, §§ 7-9-501 through -507, were asserted.”
In re Dunning, 281 B.R. 22 (Bankr. S.D. Ala. 1999). “Alabama Code § 7-9-501 (1997). For purposes of transactions governed by U.”
Thomas v. Bank of Heflin, 466 So. 2d 107 (Ala. 1985). “Affirmed on the authority of Code 1975, § 7-9-501. Our affirmance of the judgment appealed from is not to be understood as authorizing the Creditor/Bank to retain the collateral without giving the appropriate credit against the judgment for the sales price of the collateral or…”
— Ala. Code § 7-9-501(1) — 1 case
Farmers & Merchants Bank of Centre v. Hancock, 506 So. 2d 305 (Ala. 1987). “NOTES [1] Code 1975, § 7-9-501(1), provides that after default the secured party "may reduce his claim to judgment, foreclose or otherwise enforce the security interest by any available judicial procedure.”
— Ala. Code § 7-9-501(3) — 1 case
Greene v. Assocs. (In Re Green), 248 B.R. 583 (Bankr. N.D. Ala. 2000). “That case was decided on other grounds not involving the sufficiency of the notice received by Rainey. We are, therefore, unable to attach to Rainey the precedential value Simmons urges we ascribe to it.”
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