Alabama § 7-8-307 - Purchaser’s Right to Requisites for Registration of Transfer.
Full text of Alabama Code of Alabama § 7-8-307 — Purchaser’s Right to Requisites for Registration of Transfer., with citation guidance and answers to common questions.
§ 7-8-307. Purchaser’s Right to Requisites for Registration of Transfer.
Unless otherwise agreed, the transferor of a security on due demand shall supply the purchaser with proof of authority to transfer or with any other requisite necessary to obtain registration of the transfer of the security, but if the transfer is not for value, a transferor need not comply unless the purchaser pays the necessary expenses. If the transferor fails within a reasonable time to comply with the demand, the purchaser may reject or rescind the transfer.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-8-307
What does Code of Alabama § 7-8-307 cover?
Section 7-8-307 ("Purchaser’s Right to Requisites for Registration of Transfer.") 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 § 7-8-307?
A common citation format is "Code of Alabama § 7-8-307" (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 § 7-8-307 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.