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- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 319. Rights and Title of Consignee With Respect to Creditors and Purchasers.
previous: 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.
next: Section 320. Buyer of Goods.
AS 45.29.319. Rights and Title of Consignee With Respect to Creditors and Purchasers.
- (a) Except as otherwise provided in (b) of this section, for purposes of determining the rights of creditors of, and
purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee
is considered to have rights and title to the goods identical to those the consignor had or had power to transfer.
- (b) For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights
and title of a consignee while goods are in the consignee's possession if, under AS 45.29.301
- 45.29.342, a perfected security interest held by
the consignor would have priority over the rights of the creditor.
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
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Last modified 9/3/2005