- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 303. Law Governing Perfection and Priority of Security Interests in Goods Covered By a Certificate of Title.
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AS 45.29.303. Law Governing Perfection and Priority of Security Interests in Goods Covered By a Certificate of Title.
- (a) This section applies to goods covered by a certificate of title even if there is no other relationship between the
jurisdiction under whose certificate of title the goods are covered and the goods or the debtor.
- (b) Goods become covered by a certificate of title when a valid application for the certificate of title and the
applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the
earlier of the time
- (1) the certificate of title ceases to be effective under the law of the issuing jurisdiction; or
- (2) the goods become covered subsequently by a certificate of title issued by another jurisdiction.
- (c) The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the
effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of
title from the time the goods become covered by the certificate of title until the goods cease to be covered by the
certificate of title.
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