Sec. 45.29.110. Security interests arising under AS 45.02 or AS 45.12.
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/ak/title-45/chapter-29/45-29-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.29.110. Security interests arising under AS 45.02 or AS 45.12 .
A security interest arising under AS 45.02.401 , 45.02.505, 45.02.711(c), or AS 45.12.508
(e)is subject to this chapter. However, until the debtor obtains possession of the goods,
(1)the security interest is enforceable even if AS 45.29.203 (b)(3) has not been satisfied;
(2)filing is not required to perfect the security interest;
(3)the rights of the secured party after default by the debtor are governed by AS 45.02 or AS 45.12 ; and
(4)the security interest has priority over a conflicting security interest created by the debtor.
Article 2. Security Agreements; Security Interests.