Alaska Statutes: AS 45.29.326. Priority of Security Interests Created By New Debtor.

Alaska Statutes. Title 45. Trade and Commerce Chapter 29. Secured Transactions Section 326. Priority of Security Interests Created By New Debtor.

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AS 45.29.326. Priority of Security Interests Created By New Debtor.

(a) Subject to (b) of this section, a security interest created by a new debtor that is perfected by a filed financing statement that is effective solely under AS 45.29.508 in collateral in which a new debtor has or acquires rights is subordinate to a security interest in the same collateral that is perfected other than by a financing statement that is effective solely under AS 45.29.508 .
(b) The other provisions of AS 45.29.301 - 45.29.342 determine the priority among conflicting security interests in the same collateral perfected by filed financing statements that are effective solely under AS 45.29.508 . However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.

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