Code of Alabama - Title 8: Commercial Law and Consumer Protection - Chapter 5 - Nonnegotiable Instruments

• Article 1 General Provisions.
• Section 8-5-1 Action on instrument issued to circulate as money without authority; interest on same
  Every bill of exchange, note, bond, or instrument of any description, whatever may be its form or device, issued with the intent to circulate as...
• Section 8-5-2 Issuance of change bills, etc., by corporations prohibited
  No corporation doing business in this state shall pay out, by its agents or officers, any change bills, notes, or paper issued without authority of...
• Article 2 Assignments and Endorsements.
• Section 8-5-20 Bonds, contracts, writings for payment of money, etc., assignable by endorsement
  All bonds, writings, and contracts for the payment of money, or other thing, or the performance of any act or duty, are assignable by endorsement...
• Section 8-5-21 Assignment of future wages void
  (a) All assignments made by any person of salaries or wages, to be earned in the future, shall be absolutely void. (b) The provisions of...
• Section 8-5-22 Right to assign interest in crops
  Nothing in Section 8-5-21 shall be construed to affect the right of the laborer under Section 35-9-37 to assign his interest in a crop.
• Section 8-5-23 Property injury claims against railroads assignable
  Claims against railroad companies for injuries to property may be assigned in writing, and each successive assignee thereof may bring an action thereon in his...
• Section 8-5-24 Effect of transfer of bill, note, etc., given for purchase money of lands
  The transfer of a bond, bill, or note given for the purchase money of lands, whether the transfer be by delivery merely or in writing,...
• Section 8-5-25 Contracts, writings and paper circulated as money subject to payments, setoffs and discounts prior to notice of assignment
  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...
• Section 8-5-26 Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Time for bringing action against maker; issuance of execution when judgment obtained; proof of inability of maker to pay judgment
  (a) On all contracts assigned by writing which are not governed by the Uniform Commercial Code, an action to charge the endorser or assignor must...
• Section 8-5-27 Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Extension or waiver of time for bringing action by endorser or assignor
  The time for bringing the action, as required by Section 8-5-26, may be extended or waived by the consent of the endorser or assignor in...
• Section 8-5-28 Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - When holder of contract excused from bringing action, obtaining judgment, etc
  The holder of an endorsed or assigned contract which is not governed by the Uniform Commercial Code is excused from bringing an action, obtaining the...
• Section 8-5-29 Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Applicability of Sections 8-5-26 through 8-5-28
  All assignments or endorsements in writing of contracts which are not governed by the Uniform Commercial Code, whether regular or irregular, must be construed as...
• Section 8-5-30 Action to charge endorser or assignor on contracts assigned by writing and not covered by Uniform Commercial Code - Costs recoverable against assignor or endorser
  The costs in an action against the maker in an assigned or endorsed contract which is not governed by the Uniform Commercial Code are recoverable...

Last modified: May 3, 2021