Sec.
156 words·~1 min read·
/ak/title-45/chapter-29/sec-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.29.331. Priority of rights of purchasers of instruments, documents, and securities under other chapters; priority of interests in financial assets and security entitlements under AS 45.08 .
(a)This chapter does not limit the rights of a holder in due course of a negotiable instrument, a holder to which a negotiable document of title has been duly negotiated, or a protected purchaser of a security. These holders or purchasers take priority over an earlier security interest, even if perfected, to the extent provided in AS 45.03 , AS 45.07 , and AS 45.08 .
(b)This chapter does not limit the rights of or impose liability on a person to the extent that the person is protected against the assertion of a claim under AS 45.08 .
(c)Filing under this chapter does not constitute notice of a claim or defense to the holders, purchasers, or persons described in
(a)and
(b)of this section.