Alabama Code 8-5-25. Contracts, writings and paper circulated as money subject to payments, setoffs and discounts prior to notice of assignment
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 8-5-25
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
All contracts and writings, except such as are governed by the Uniform Commercial Code, and paper issued to circulate as money, are subject to all payments, setoffs, and discounts had or possessed against the same previous to notice of an assignment or transfer.