- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 29. Secured Transactions
- Section 602. Waiver and Variance of Rights and Duties.
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. Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles, or Promissory Notes.
next: Section 603
. Agreement On Standards Concerning Rights and Duties.
AS 45.29.602. Waiver and Variance of Rights and Duties.
Except as otherwise provided in AS 45.29.624
, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or
obligor may not waive or vary the rules stated in the following sections:
- (1) AS 45.29.207
(b)(4)(C), which deals with use and operation of the collateral by the secured party;
- (2) AS 45.29.210
, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
- (3) AS 45.29.607
(c), which deals with collection and enforcement of collateral;
- (4) AS 45.29.608
(a) and 45.29.615(c) to the extent that they deal with
application or payment of noncash proceeds of collection, enforcement, or disposition;
- (5) AS 45.29.608
(a) and 45.29.615(d) to the extent that they require
accounting for or payment of surplus proceeds of collateral;
- (6) AS 45.29.609
to the extent that it imposes on a secured party that takes possession of collateral without judicial process the duty
to do so without breach of the peace;
- (7) AS 45.29.610
(b), 45.29.611, 45.29.613, and 45.29.614, which deal with disposition of collateral;
- (8) AS 45.29.615
(f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person
related to the secured party, or a secondary obligor;
- (9) AS 45.29.616
, which deals with explanation of the calculation of a surplus or deficiency;
- (10) AS 45.29.620
- 45.29.622, which deal with acceptance of collateral
in satisfaction of obligation;
- (11) AS 45.29.623
, which deals with redemption of collateral;
- (12) AS 45.29.624
, which deals with permissible waivers; and
- (13) AS 45.29.625
and 45.29.626, which deal with the secured party's
liability for failure to comply with this chapter.
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