Sec. 45.29.309. Security interest perfected upon attachment.

258 words·~1 min read·/ak/title-45/chapter-29/45-29-309

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The following security interests are perfected when they attach:

(1)a purchase money security interest in consumer goods, except as otherwise provided in AS 45.29.311

(b)with respect to consumer goods that are subject to a statute or treaty described in AS 45.29.311 (a);

(2)an assignment of accounts or payment intangibles that does not, by itself or in conjunction with other assignments to the same assignee, transfer a significant part of the assignor's outstanding accounts or payment intangibles;

(3)a sale of a payment intangible;

(4)a sale of a promissory note;

(5)a security interest created by the assignment of a health care insurance receivable to the provider of the health care goods or services;

(6)a security interest arising under AS 45.02.401 , 45.02.505, 45.02.711(c), or AS 45.12.508 (e), until the debtor obtains possession of the collateral;

(7)a security interest of a collecting bank arising under AS 45.04.210 ;

(8)a security interest of an issuer or nominated person arising under AS 45.05.118 ;

(9)a security interest arising in the delivery of a financial asset under AS 45.29.206 (c);

(10)a security interest in investment property created by a broker or securities intermediary;

(11)a security interest in a commodity contract or a commodity account created by a commodity intermediary;

(12)an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and

(13)a security interest created by an assignment of a beneficial interest in a decedent's estate.