Sec. 45.29.505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

179 words·~1 min read·/ak/title-45/chapter-29/45-29-505

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

(a)A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement or may comply with a statute, regulation, or treaty described in AS 45.29.311

(a)using the terms “consignor,” “consignee,” “lessor,” “lessee,” “bailor,” “bailee,” “licensor,” “licensee,” “owner,” “registered owner,” “buyer,” “seller,” or words of similar import instead of the terms “secured party” and “debtor.”

(b)AS 45.29.501 — 45.29.525 apply to the filing of a financing statement under

(a)of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under AS 45.29.311 (b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer that attaches to the collateral is perfected by the filing or compliance.