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Section 8-1-123 - Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract — Alabama Law | CourtGPT
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  7. Section 8-1-123 - Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract
Alabama Legal Code

Section 8-1-123 - Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract

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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.

Source: https://alison.legislature.state.al.us/code-of-alabama?section=8-1-123· Version 2026