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- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 509. Persons Entitled to File a Record.
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Section 508. Effectiveness of Financing Statement If New Debtor Becomes Bound By Security Agreement.
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Section 510. Effectiveness of Filed Record.
AS 45.29.509. Persons Entitled to File a Record.
- (a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or
amendment that adds a debtor to a financing statement only if
- (1) the debtor authorizes the filing in an authenticated record or pursuant to (b) or (c) of this section; or
- (2) the person holds an agricultural lien that has become effective at the time of filing and the financing statement
covers only collateral in which the person holds an agricultural lien.
- (b) By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of
an initial financing statement and an amendment covering
- (1) the collateral described in the security agreement; and
- (2) property that becomes collateral under AS 45.29.315
(a)(2), whether or not the security agreement expressly covers proceeds.
- (c) By acquiring collateral in which a security interest or agricultural lien continues under AS 45.29.315
(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and
property that becomes collateral under AS 45.29.315
(a)(2).
- (d) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an
amendment that adds a debtor to a financing statement only if
- (1) the secured party of record authorizes the filing; or
- (2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed
to file or send a termination statement required under AS 45.29.513
(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to
be filed.
- (e) If there is more than one secured party of record for a financing statement, each secured party of record may
authorize the filing of an amendment under (d) of this section.
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