§ 8-5-20 Bonds, contracts, writings for payment of money, etc., assignable by endorsement
§ 8-5-21 Assignment of future wages void
§ 8-5-22 Right to assign interest in crops
§ 8-5-23 Property injury claims against railroads assignable
§ 8-5-24 Effect of transfer of bill, note, etc., given for purchase money of lands
§ 8-5-25 Contracts, writings and paper circulated as money subject to payments, setoffs and discounts prior to notice of assignment
§ 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
§ 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
§ 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
§ 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
§ 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
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Terms Used In Alabama Code > Title 8 > Chapter 5 > Article 2 - Assignments and Endorsements

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • circuit: means judicial circuit. See Alabama Code 1-1-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • following: means next after. See Alabama Code 1-1-1
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Law clerk: Assist judges with research and drafting of opinions.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • month: means a calendar month. See Alabama Code 1-1-1
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • preceding: means next before. See Alabama Code 1-1-1
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
  • Summons: Another word for subpoena used by the criminal justice system.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • 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
  • writing: includes typewriting and printing on paper. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1