Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 45.29.325 - Priority of security interests in transferred collateral(a) Except as otherwise provided in (b) of this section, a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if (1) the debtor acquired the collateral subject to the security interest created by the other person;(2) the security interest created by the other person was perfected when the debtor acquired the collateral; and(3) there is no period after the events described in (1) and (2) of this subsection when the security interest is unperfected.(b) The provisions of (a) of this section subordinate a security interest only if the security interest (1) otherwise would have priority solely under AS 45.29.322(a) or 45.29.324; or(2) arose solely under AS 45.02.711(c) or AS 45.12.508(e).