Sec. 45.29.520. Acceptance and refusal to accept record.

227 words·~1 min read·/ak/title-45/chapter-29/45-29-520

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

(a)A filing office shall refuse to accept a record for filing for a reason set out in AS 45.29.516

(b)and may refuse to accept a record for filing only for a reason set out in AS 45.29.516 (b).

(b)If a filing office refuses to accept a record for filing, the filing office shall communicate to the person who presented the record the fact of and reason for the refusal and the date and time the record would have been filed had the filing office accepted it. The communication must be made at the time and in the manner prescribed by filing office regulation but, in the case of a filing office described in AS 45.29.501 (a)(2), no more than two business days after the filing office receives the record.

(c)A filed financing statement satisfying AS 45.29.502

(a)and

(b)is effective even if the filing office is required to refuse to accept it for filing under

(a)of this section. However, AS 45.29.338 applies to a filed financing statement providing information described in AS 45.29.516 (b)(5) that is incorrect at the time the financing statement is filed.

(d)If a record communicated to a filing office provides information that relates to more than one debtor, AS 45.29.501 — 45.29.525 applies as to each debtor separately.