Ala. Code § 35-NEW

Current through the 2024 Regular Session.
Section 35-NEW - [Newly enacted section not yet numbered] [Effective 1/1/2025] Security agreement covering after-acquired property

Except as otherwise provided by the law of this state other than this act, property that a receiver or owner acquires after appointment of the receiver is subject to a security agreement entered into before the appointment to the same extent as if the court had not appointed the receiver.

Ala. Code § 35-NEW (1975)

Added by Act 2024-380,§ 10, eff. 1/1/2025.