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AL SB339
Bill
AI Summary
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Amends Section 13A-9-13.1 of the Alabama Code to include electronic drafts within the definition of "negotiable instrument" for purposes of the crime of negotiating a worthless negotiable instrument.
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Defines the crime as negotiating or delivering a negotiable instrument for value with intent, knowledge, or expectation that it will not be honored by the drawee.
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Establishes prima facie evidence of intent to defraud when: the maker or drawer had no account with the drawee; payment was refused for lack of funds within 30 days and the amount was not paid within 10 days of notice; or notice of refusal is mailed by certified mail and returned undelivered.
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Classifies negotiating a worthless negotiable instrument as a Class A misdemeanor.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Negotiating a worthless negotiable instrument, crime of, electronic drafts included, Sec. 13A-9-13.1 am'd.
Crimes and Offenses
Last Action
Pending third reading on day 25 Favorable from Financial Services
3/13/2014