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AL SB339

Bill

Status

Engrossed

3/6/2014

Primary Sponsor

Scott Beason

Click for details

Origin

Senate

Regular Session 2014

AI Summary

  • 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.

  • 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.

  • 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.

  • Classifies negotiating a worthless negotiable instrument as a Class A misdemeanor.

  • 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

Committee Referrals

Financial Services3/11/2014
Judiciary2/11/2014

Full Bill Text

No bill text available