Alabama § 7-12A-301 - Saving Clause.
Full text of Alabama Code of Alabama § 7-12A-301 — Saving Clause., with citation guidance and answers to common questions.
§ 7-12A-301. Saving Clause.
(a) Pre-effective date transaction, lien, or interest. Except as provided in this part, Article 9A as amended by Act 2023-492 and Article 12 apply to a transaction, lien, or other interest in property, even if the transaction, lien, or interest was entered into, created, or acquired before July 1, 2024.
(b) Continuing validity. Except as provided in subsection (c) and Sections 7-12A-302 through 7-12A-306:
(1) a transaction, lien, or interest in property that was validly entered into, created, or transferred before July 1, 2024, and was not governed by the Uniform Commercial Code, but would be subject to Article 9A as amended by Act 2023-492 or Article 12 if it had been entered into, created, or transferred on or after July 1, 2024, including the rights, duties, and interests flowing from the transaction, lien, or interest, remains valid on and after the July 1, 2024; and
(2) the transaction, lien, or interest may be terminated, completed, consummated, and enforced as required or permitted by Act 2023-492 or by the law that would apply if Act 2023-492 had not taken effect.
(c) Pre-effective date proceeding. Act 2023-492 does not affect an action, case, or proceeding commenced before July 1, 2024.
Frequently Asked Questions About Alabama § 7-12A-301
What does Code of Alabama § 7-12A-301 cover?
Section 7-12A-301 ("Saving Clause.") 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 § 7-12A-301?
A common citation format is "Code of Alabama § 7-12A-301" (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 § 7-12A-301 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.