Alabama § 11-99A-36 - Pledge of Assessments to Bonds.
Full text of Alabama Code of Alabama § 11-99A-36 — Pledge of Assessments to Bonds., with citation guidance and answers to common questions.
§ 11-99A-36. Pledge of Assessments to Bonds.
Assessments may be pledged to an issue of bonds, and if pledged, the pledge shall be deemed a perfected, first claim by the bondholders, or trustee on behalf of the bondholders, against the assessments, regardless of compliance with the terms of Article 9 of Title 7, the Alabama Uniform Commercial Code, or any other public notice or filing. However, nothing herein shall prevent the filing of a financing statement under Article 9 of Title 7, the Alabama Uniform Commercial Code, and a filing shall not constitute an election to perfect only in accordance with Article 9 of Title 7.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 11-99A-36
What does Code of Alabama § 11-99A-36 cover?
Section 11-99A-36 ("Pledge of Assessments to Bonds.") 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 § 11-99A-36?
A common citation format is "Code of Alabama § 11-99A-36" (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 § 11-99A-36 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.