Alabama § 5-19-5 - Acceptance of Negotiable Instruments as Evidence of Consumer Debt.
Full text of Alabama Code of Alabama § 5-19-5 — Acceptance of Negotiable Instruments as Evidence of Consumer Debt., with citation guidance and answers to common questions.
§ 5-19-5. Acceptance of Negotiable Instruments as Evidence of Consumer Debt.
In a consumer credit sale, the seller may not take as evidence of the obligation of the buyer, a negotiable instrument other than (1) a check; or (2) a promise or order containing a statement, required by applicable statutory or administrative law, to the effect that the rights of a holder or transferee are subject to claims or defenses that the issuer could assert against the original payee. A holder is not a holder in due course if the holder takes a negotiable instrument with notice that it is issued in violation of this section. A holder in due course is not subject to the liabilities prescribed in this chapter.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-19-5
What does Code of Alabama § 5-19-5 cover?
Section 5-19-5 ("Acceptance of Negotiable Instruments as Evidence of Consumer Debt.") 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 § 5-19-5?
A common citation format is "Code of Alabama § 5-19-5" (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 § 5-19-5 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.