- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 333. Priority of Certain Liens Arising By Operation of Law.
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. Transfer of Money; Transfer of Funds From Deposit Account.
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. Priority of Security Interests in Fixtures and Crops.
AS 45.29.333. Priority of Certain Liens Arising By Operation of Law.
- (a) In this section, "possessory lien" means an interest, other than a security interest or an agricultural lien,
- (1) that secures payment or performance of an obligation for services or materials furnished with respect to goods by a
person in the ordinary course of the person's business;
- (2) that is created by statute or rule of law in favor of the person; and
- (3) whose effectiveness depends on the person's possession of the goods.
- (b) A possessory lien on goods has priority over a security interest in the goods unless the lien is created by a statute
that expressly provides otherwise.
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