Ala. Code § 7-9A-107A (2026) – Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible. | Midpage
§ 7-9A-107A
Ala. Code § 7-9A-107A (2026)
Control of Controllable Electronic Record, Controllable Account, or Controllable Payment Intangible.
(Act 2023-492, §2.)
(a) Control under Section 7-12-105. A secured party has control of a controllable electronic record as provided in Section 7-12-105.
(b) Control of controllable account and controllable payment intangible. A secured party has control of a controllable account or controllable payment intangible if the secured party has control of the controllable electronic record that evidences the controllable account or controllable payment intangible.