Alaska Statutes.
Title 45. Trade and Commerce
Chapter 29. Secured Transactions
Section 613. General Notification Before Disposition of Collateral.
previous: Section 612. Timeliness of Notification Before Disposition of Collateral.
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AS 45.29.613. General Notification Before Disposition of Collateral.

Except in a consumer goods transaction, the following rules apply:

(1) the contents of a notification of disposition are sufficient if the notification

(A) describes the debtor and the secured party;

(B) describes the collateral that is the subject of the intended disposition;

(C) states the method of intended disposition;

(D) states that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and

(E) states the time and place of a public disposition or the time after which any other disposition is to be made;

(2) whether the contents of a notification that lacks any of the information specified in (1) of this section are nevertheless sufficient is a question of fact;

(3) the contents of a notification providing substantially the information specified in (1) of this section are sufficient even if the notification includes

(A) information not specified by that paragraph; or

(B) minor errors that are not seriously misleading;

(4) a particular phrasing of the notification is not required;

(5) the following form of notification and the form appearing in AS 45.29.614(3), when completed, each provides sufficient information: 

NOTIFICATION OF DISPOSITION OF COLLATERAL

To: __(Name of debtor, obligor, or other person to which the           

notification is sent)___                                               

From: ___(Name, address, and telephone number of secured party)___     

Name of Debtor(s): ___(Include only if debtor(s) are not an            

addressee)___                                                          

(For a public disposition:)                                            

We will sell (or lease or license, as applicable) the ___(describe     

collateral)___ (to the highest qualified bidder) in public as follows: 

Day and Date:  ______________________________                          

Time:          ______________________________                          

Place:         ______________________________                          

(For a private disposition:)                                           

We will sell (or lease or license, as applicable) the ___(describe     

collateral)___ privately sometime after ___(day and date)___.          

You are entitled to an accounting of the unpaid indebtedness secured by

the property that we intend to sell (or lease or license, as

applicable) (for a charge of $ ________________________ ). You may    

request an accounting by calling us at ___(telephone number)___.

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