Alabama § 8-1-122 - Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract.
Full text of Alabama Code of Alabama § 8-1-122 — Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract., with citation guidance and answers to common questions.
§ 8-1-122. Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract.
Every person shall furnish, upon demand, to any principal for whom such person has executed any order for the actual purchase or sale of any commodities, stocks, or bonds for future delivery, a written statement containing the names of the persons from whom such property was bought or to whom it has been sold, as the fact may be, the time when and the place where, and if the person shall refuse or neglect to furnish such statement within 24 hours after such demand, such refusal or neglect shall be prima facie evidence that such purchase or sale was an illegal contract declared void by this article.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 8-1-122
What does Code of Alabama § 8-1-122 cover?
Section 8-1-122 ("Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 8-1-122?
A common citation format is "Code of Alabama § 8-1-122" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 8-1-122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.