US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Sec. 45.29.702. Savings clause.

(a) Except as otherwise provided in AS 45.29.702 – 45.29.709, this chapter applies to a transaction or lien within the scope of this chapter, even if the transaction or lien was entered into or created before July 1, 2001. (b) Except as otherwise provided in AS 45.29.703 – 45.29.709, (1) transactions and liens that were […]

Sec. 45.29.703. Security interest perfected before effective date.

(a) A security interest that is enforceable June 30, 2001, and would have priority over the rights of a person who becomes a lien creditor June 30, 2001, is a perfected security interest under this chapter if, on July 1, 2001, the applicable requirements for enforceability and perfection under this chapter are satisfied without further […]

Sec. 45.29.704. Security interest unperfected before effective date.

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 […]

Sec. 45.29.705. Effectiveness of action taken before effective date.

(a) If action, other than the filing of a financing statement, is taken before July 1, 2001, and the action would have resulted in priority of a security interest over the rights of a person who becomes a lien creditor had the security interest become enforceable before July 1, 2001, the action is effective to […]

Sec. 45.29.707. Amendment of pre-effective date financing statement.

(a) On or after July 1, 2001, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in AS 45.29.301 – 45.29.342. However, the effectiveness […]

Sec. 45.29.709. Priority.

(a) This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former AS 45.09 determines priority. (b) For purposes of AS 45.29.322(a), the priority of a security interest that becomes enforceable under AS 45.29.203 dates from July 1, 2001, if the […]