- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 7. Warehouse Receipts, Bills of Lading, and Other Documents of Title
- Section 209. Lien of Warehouseman.
previous: Section 208
. Altered Warehouse Receipts.
next: Section 210
. Enforcement of Warehouseman's Lien.
AS 45.07.209. Lien of Warehouseman.
- (a) A warehouseman has a lien against the bailor on the goods covered by a warehouse receipt or on the proceeds of the
goods in the warehouseman's possession for charges for storage or transportation (including demurrage and terminal
charges), insurance, labor, or charges present or future in relation to the goods, and for expenses necessary for
preservation of the goods or reasonably incurred in their sale under law. If the person on whose account the goods are
held is liable for like charges or expenses in relation to other goods, whenever deposited and it is stated in the
receipt that a lien is claimed for charges and expenses in relation to other goods, the warehouseman also has a lien
against that person for these charges and expenses whether or not the other goods have been delivered by the
warehouseman. But against a person to whom a negotiable warehouse receipt is duly negotiated, a warehouseman's lien is
limited to charges in an amount or at a rate specified on the receipt or, if no charges are so specified, then to a
reasonable charge for storage of the goods covered by the receipt after the date of the receipt.
- (b) The warehouseman may also reserve a security interest against the bailor for a maximum amount specified on the receipt
for charges other than those specified in (a) of this section, such as for money advanced and interest. Such a
security interest is governed by AS 45.29 on secured
- (c) A warehouseman's lien for charges and expenses under (a) of this section or a security interest under (b) of this
section is also effective against a person who so entrusted the bailor with possession of the goods that a pledge of
them by the bailor to a good faith purchaser for value would have been valid, but is not effective against a person as
to whom the document confers no right in the goods covered by it under AS 45.07.503
- (d) A warehouseman loses the lien on goods that the warehouseman voluntarily delivers or unjustifiably refuses to deliver.
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