Alabama Code Title 7. Commercial Code § 7-9A-618

(1) receives an assignment of a secured obligation from the secured party;

(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party;  or

(3) is subrogated to the rights of a secured party with respect to collateral.

(1) is not a disposition of collateral under Section 7-9A-610;  and

(2) relieves the secured party of further duties under this article.