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State Courts -
Alabama - October 5, 2007
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Atl. Nat'l Trust, LLC v. McNamee, 1060423,
SUPREME COURT OF ALABAMA, October 5, 2007, Released
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Overview: That assignee never had possession of note that was misplaced, lost, or destroyed by assignor before the assignment occurred did not prevent assignee from enforcing note under Ala. Code ? 7-3-309 because, under common law relating to assignments, if assignor had been entitled to enforce note, assignee stepped into its shoes.
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