Sec. 45.29.704. Security interest unperfected before July 1, 2001.
122 words·~1 min read·
/ak/title-45/chapter-29/45-29-704A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.29.704. Security interest unperfected before July 1, 2001.
A security interest that is enforceable June 30, 2001, but that would be subordinate to the rights of a person who becomes a lien creditor June 30, 2001,
(1)remains an enforceable security interest until July 1, 2002;
(2)remains enforceable on and after July 1, 2002, if the security interest becomes enforceable under AS 45.29.203 on July 1, 2001, or before July 1, 2002; and
(3)becomes perfected
(A)without further action on July 1, 2001, if the applicable requirements for perfection under this chapter are satisfied before July 1, 2001; or
(B)when the applicable requirements for perfection are satisfied if the requirements are satisfied on or after July 1, 2001.