Ala. Code § 8-1-123
This is the official text of Ala. Code § 8-1-123, part of Alabama’s Code — part of the compiled statutory law of Alabama, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Section 8-1-123 Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
Official statutory text
Proof that anything of value agreed to be sold and delivered was not actually delivered at the time of making the agreement to sell and deliver and that one of the parties to such agreement deposited or secured, or agreed to deposit or secure, what are commonly called “margins” shall constitute prima facie evidence of a contract declared void by this article.
Status: in_force · Read it on the official government site
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