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Alaska Statutes.

Title 45. Trade and Commerce

Chapter 29. Secured Transactions

Chapter 29. Secured Transactions

Section 101. Short Title.

Section 102. Definitions.

Section 103. Purchase Money Security Interest; Application of Payments; Burden of Establishing.

Section 104. Control of Deposit Account.

Section 105. Control of Electronic Chattel Paper.

Section 106. Control of Investment Property.

Section 107. Control of Letter-of-Credit Right.

Section 108. Sufficiency of Description.

Section 109. Scope.

Section 110. Security Interests Arising Under AS 45.02 or as 45.12.

Section 201. General Effectiveness of Security Agreement.

Section 202. Title to Collateral Immaterial.

Section 203. Attachment and Enforceability of Security Interest; Proceeds; Supporting Obligations; Formal Requisites.

Section 204. After-Acquired Property; Future Advances.

Section 205. Use or Disposition of Collateral Permissible.

Section 206. Security Interest Arising in Purchase or Delivery of Financial Asset.

Section 207. Rights and Duties of Secured Party Having Possession or Control of Collateral.

Section 208. Additional Duties of Secured Party Having Control of Collateral.

Section 209. Duties of Secured Party If Account Debtor Has Been Notified of Assignment.

Section 210. Request For Accounting; Request Regarding List of Collateral or Statement of Account.

Section 301. Law Governing Perfection and Priority of Security Interests.

Section 302. Law Governing Perfection and Priority of Agricultural Liens.

Section 303. Law Governing Perfection and Priority of Security Interests in Goods Covered By a Certificate of Title.

Section 304. Law Governing Perfection and Priority of Security Interests in Deposit Accounts.

Section 305. Law Governing Perfection and Priority of Security Interests in Investment Property.

Section 306. Law Governing Perfection and Priority of Security Interests in Letter-of-Credit Rights.

Section 307. Location of Debtor.

Section 308. When Security Interest or Agricultural Lien is Perfected; Continuity of Perfection.

Section 309. Security Interest Perfected Upon Attachment.

Section 310. When Filing Required to Perfect Security Interest or Agricultural Lien; Security Interests and Agricultural Liens to Which Filing Provisions Do Not Apply.

Section 311. Perfection of Security Interests in Property Subject to Certain Statutes, Regulations, and Treaties.

Section 312. Perfection of Security Interests in Chattel Paper, Deposit Accounts, Documents, Goods Covered By Documents, Instruments, Investment Property, Letter-of-Credit Rights, and Money; Perfection By Permissive Filing; Temporary Perfection Without Filing or Transfer of Possession.

Section 313. When Possession By or Delivery to Secured Party Perfects Security Interest Without Filing.

Section 314. Perfection By Control.

Section 315. Secured Party's Rights On Disposition of Collateral and in Proceeds.

Section 316. Continued Perfection of Security Interest Following Change in Governing Law.

Section 317. Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien.

Section 318. No Interest Retained in Right to Payment That is Sold; Rights and Title of Seller of Account or Chattel Paper With Respect to Creditors and Purchasers.

Section 319. Rights and Title of Consignee With Respect to Creditors and Purchasers.

Section 320. Buyer of Goods.

Section 321. Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business.

Section 322. Priorities Among Conflicting Security Interests in and Agricultural Liens On Same Collateral.

Section 323. Future Advances.

Section 324. Priority of Purchase Money Security Interests.

Section 325. Priority of Security Interests in Transferred Collateral.

Section 326. Priority of Security Interests Created By New Debtor.

Section 327. Priority of Security Interests in Deposit Account.

Section 328. Priority of Security Interests in Investment Property.

Section 329. Priority of Security Interests in Letter-of-Credit Right.

Section 330. Priority of Purchaser of Chattel Paper or Instrument.

Section 331. Priority of Rights of Purchasers of Instruments, Documents, and Securities Under Other Chapters; Priority of Interests in Financial Assets and Security Entitlements Under AS 45.08.

Section 332. Transfer of Money; Transfer of Funds From Deposit Account.

Section 333. Priority of Certain Liens Arising By Operation of Law.

Section 334. Priority of Security Interests in Fixtures and Crops.

Section 335. Accessions.

Section 336. Commingled Goods.

Section 337. Priority of Security Interests in Goods Covered By Certificate of Title.

Section 338. Priority of Security Interest or Agricultural Lien Perfected By Filed Financing Statement Providing Certain Incorrect Information.

Section 339. Priority Subject to Subordination.

Section 340. Effectiveness of Right of Recoupment or Setoff Against Deposit Account.

Section 341. Bank's Rights and Duties With Respect to Deposit Account.

Section 342. Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement.

Section 401. Alienability of Debtor's Rights.

Section 402. Secured Party Not Obligated On Contract of Debtor or in Tort.

Section 403. Agreement Not to Assert Defenses Against Assignee.

Section 404. Rights Acquired By Assignee; Claims and Defenses Against Assignee.

Section 405. Modification of Assigned Contract.

Section 406. Discharge of Account Debtor; Notification of Assignment; Identification and Proof of Assignment; Restrictions On Assignment of Accounts, Chattel Paper, Payment Intangibles, and Promissory Notes Ineffective.

Section 407. Restrictions On Creation or Enforcement of Security Interest in Leasehold Interest or in Lessor's Residual Interest.

Section 408. Restrictions On Assignment of Promissory Notes, Health-Care-Insurance Receivables, and Certain General Intangibles Ineffective.

Section 409. Restrictions On Assignment of Letter-of-Credit Rights Ineffective.

Section 501. Filing Office.

Section 502. Contents of Financing Statement; Mortgage as Financing Statement; Time of Filing Financing Statement.

Section 503. Name of Debtor and Secured Party.

Section 504. Indication of Collateral.

Section 505. Filing and Compliance With Other Statutes and Treaties For Consignments, Leases, Other Bailments, and Other Transactions.

Section 506. Effect of Errors or Omissions.

Section 507. Effect of Certain Events On Effectiveness of Financing Statement.

Section 508. Effectiveness of Financing Statement If New Debtor Becomes Bound By Security Agreement.

Section 509. Persons Entitled to File a Record.

Section 510. Effectiveness of Filed Record.

Section 511. Secured Party of Record.

Section 512. Amendment of Financing Statement.

Section 513. Termination Statement.

Section 514. Assignment of Powers of Secured Party of Record.

Section 515. Duration and Effectiveness of Financing Statement; Effect of Lapsed Financing Statement.

Section 516. What Constitutes Filing; Effectiveness of Filing.

Section 517. Effect of Indexing Errors.

Section 518. Claim Concerning Inaccurate or Wrongfully Filed Record.

Section 519. Numbering, Maintaining, and Indexing Records; Communicating Information Provided in Records.

Section 520. Acceptance and Refusal to Accept Record.

Section 521. Uniform Form of Written Financing Statement and Amendment.

Section 522. Maintenance and Destruction of Records.

Section 523. Information From Filing Office; Sale or License of Records.

Section 524. Delay By Filing Office.

Section 525. Fees.

Section 530. Account.

Section 601. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes.

Section 602. Waiver and Variance of Rights and Duties.

Section 603. Agreement On Standards Concerning Rights and Duties.

Section 604. Procedure If Security Agreement Covers Real Property or Fixtures.

Section 605. Unknown Debtor or Secondary Obligor.

Section 606. Time of Default For Agricultural Lien.

Section 607. Collection and Enforcement By Secured Party.

Section 608. Application of Proceeds of Collection or Enforcement; Liability For Deficiency and Right to Surplus.

Section 609. Secured Party's Right to Take Possession After Default.

Section 610. Disposition of Collateral After Default.

Section 611. Notification Before Disposition of Collateral.

Section 612. Timeliness of Notification Before Disposition of Collateral.

Section 613. General Notification Before Disposition of Collateral.

Section 614. Notification Before Disposition of Collateral in Consumer Goods Transaction.

Section 615. Application of Proceeds of Disposition; Liability For Deficiency and Right to Surplus.

Section 616. Explanation of Calculation of Surplus or Deficiency.

Section 617. Rights of Transferee of Collateral.

Section 618. Rights and Duties of Certain Secondary Obligors.

Section 619. Transfer of Record or Legal Title.

Section 620. Acceptance of Collateral in Full or Partial Satisfaction of Obligation; Compulsory Disposition of Collateral.

Section 621. Notification of Proposal to Accept Collateral.

Section 622. Effect of Acceptance of Collateral.

Section 623. Right to Redeem Collateral.

Section 624. Waiver.

Section 625. Remedies For Secured Party's Failure to Comply With Chapter.

Section 626. Action in Which Deficiency or Surplus is in Issue.

Section 627. Determination of Whether Conduct Was Commercially Reasonable.

Section 628. Nonliability and Limitation On Liability of Secured Party; Liability of Secondary Obligor.

Section 702. Savings Clause.

Section 703. Security Interest Perfected Before Effective Date.

Section 704. Security Interest Unperfected Before Effective Date.

Section 705. Effectiveness of Action Taken Before Effective Date.

Section 706. When Initial Financing Statement Suffices to Continue Effectiveness of Continuation Statement.

Section 707. Amendment of Pre-Effective Date Financing Statement.

Section 708. Persons Entitled to File Initial Financing Statement or Continuation Statement.

Section 709. Priority.

Article 01. GENERAL PROVISIONS

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Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005