Alabama Code 35-9A-122. Exclusions from application of chapter
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Unless created to avoid the application of this chapter, the following arrangements are not governed by this chapter:
Terms Used In Alabama Code 35-9A-122
- Contract: A legal written agreement that becomes binding when signed.
- following: means next after. See Alabama Code 1-1-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
- property: includes both real and personal property. See Alabama Code 1-1-1
