# Alaska SB 252: UCC: SECURED TRANS.; ELECTRONIC RECORDS Alaska SB 252, UCC: SECURED TRANS.; ELECTRONIC RECORDS, is a 34th Legislature (2025-2026) Senate bill sponsored by Matt Claman (Democratic); status became law, last action 2026-07-16 ((S) EFFECTIVE DATE(S) OF LAW 9/30/26); PRIA reads it as touching household money (as of 2026-11-04). - Canonical: https://policyrisk.com/state-bill/AK-SB252-34 - As of: 2026-11-04 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Alaska SB 252 - State: Alaska - Session: 34th Legislature (2025-2026) - Title: UCC: SECURED TRANS.; ELECTRONIC RECORDS - Status: became law - Chamber: Senate - Introduced: 2026-02-18 - Last action: 2026-07-16, (S) EFFECTIVE DATE(S) OF LAW 9/30/26 - Sponsor: Matt Claman (Democratic) - Cosponsors: 0 - Touches household money: yes - Economic provisions PRIA read: 44 ## Summary No summary available. ## Bill overview: provisions PRIA read - Borrowers get firm collateral response deadlines: benefit, low. Specified loan-collateral agreements, demands, releases, and responses must be signed. After a borrower’s signed demand, lenders must take the required collateral release or control-transfer action within 10 days. Certain buyers of controllable accounts or payment rights are exempt from transferrin… - Borrowers keep rights after loan default: benefit, low. Taking pledged property to settle debt requires borrower consent and no timely qualifying objection; specified records must be signed. Consent to settle only part of the debt must be authenticated after default. For consumer goods, the borrower cannot still possess the goods when consenting. When a… - Clearer notices for borrowers facing repossession: benefit, low. Lenders selling property pledged for a debt must send a reasonable signed notice with the required sale information. For consumer goods, notices must explain possible remaining debt and give contacts for reclaiming property and getting more information. After sale, covered borrowers must receive an… - Deadlines help borrowers clear old liens: benefit, low. A lender must file a termination statement within one month after the secured debt and any commitment to extend credit end. An earlier authenticated borrower demand makes the deadline 20 days after the demand. A 20-day send-or-file deadline also applies after a demand for covered released property,… - Goods buyers gain later-loan claim protection: benefit, low. Buyers who pay value gain protection from collateral claims securing later advances on the goods. Protection starts when the lender learns of the purchase or 45 days after purchase, whichever comes first. Lessees get the same protection, measured from lender knowledge or 45 days after the lease bec… - Money recipients gain protection from liens: benefit, low. Recipients take physical money or deposit-account funds free of lender claims unless they collude with the debtor to violate lender rights. Recipients of electronic money get this protection only when they also obtain control. The rule limits lenders’ ability to recover transferred money from prote… - Phone buyers keep seven-day refund rights: benefit, low. Qualifying phone buyers can choose a refund, credit, or replacement for purchases that are defective, misrepresented, or not delivered as promised. For property, buyers must return it and request relief in writing within seven days after receipt. For services, the written request must come within s… - Special protections for marked consumer debt: benefit, low. Debt documents marked “consumer paper” on their face are not negotiable instruments under Alaska’s commercial law, including its digital-record rules. This applies to retail credit sales or leases of consumer goods or services between a retail seller and buyer. - Digital buyers gain protection from claims: benefit, low. A buyer who obtains control of a controllable electronic record for value, in good faith, and without notice takes it free of competing property claims. A financing statement alone does not give notice, and buying a limited interest gives rights only to that interest. A separate rule protects buyer… - Business opportunity buyers retain governing protections: benefit, low. Alaska’s business-opportunity law controls a covered sale or offer when it conflicts with the controllable-electronic-record law. This priority applies only when both laws cannot be followed or applied together, and only to the conflict. - Businesses can pledge more payment rights: benefit, low. Some contract terms and legal restrictions cannot block creating or legally securing a lender’s claim on specified intangible assets. These include promissory notes, health insurance payment rights, contracts, permits, licenses, and franchises. Restrictions also lose effect when they make those act… - Checks gain electronic delivery options: benefit, low. A check counts as issued when the drawer first sends its image and related information with the payee’s agreement. The information must let a bank collect the check electronically under federal law. Payment instruments can also name the governing law or dispute forum without losing their negotiable… - Clearer rules for digital asset users: benefit, low. Control of a covered digital record requires identifiable powers to receive substantially all its benefits, exclude others, and transfer control. Another person can acknowledge holding control on someone’s behalf, subject to limits on shared powers. The record, related records, or system rules iden… - Electronic money buyers lose one protection: cost, low. Electronic money is excluded from one rule protecting buyers against lender claims not yet perfected against competing claims. That exclusion applies even when the buyer pays value and does not know about the lender’s claim. This limits protection under that specific buyer rule, not every rule for… - Fraudulent vehicle removal carries felony penalties: cost, low. Removing a covered vehicle from Alaska without the secured lender’s written consent is a felony when done with fraudulent intent. The vehicle must be subject to a security interest under the listed Alaska laws, including the secured-transactions law. The person must intend to defraud the secured le… - Courts assess whether contract terms stand out: mixed, low. Courts decide whether a contract term is noticeable by looking at all the circumstances. The test asks whether a reasonable person affected by the term should have noticed it. This guides disputes over whether contract terms are sufficiently clear. - Debtors get digital payment transfer safeguards: mixed, low. Controllable accounts and payment rights leave specified ordinary assignment rules and follow separate payment rules. A transfer notice must be signed, identify the debt and new holder, explain the transfer, and give a commercially reasonable payment method. Before notice, the debtor and current co… - Goods leases can use electronic signatures: mixed, low. Goods leases can use signed records, including electronic records, for enforcement, changes, and other contract rules. Leases with total payments under $1,000, excluding renewal or purchase options, are exempt from this signed-record enforcement requirement. A record must show a lease was made and… - Lender duties depend on debtor information: mixed, low. A lender generally owes no duty based on its secured-party role unless it knows the debtor’s status, identity, and contact information. Duties to other filed creditors also depend on knowing the debtor’s identity and status. An exception applies to controllable accounts, electronic records, and pay… - Mixed sales and leases follow clearer rules: mixed, low. Some deals combine goods sales or leases with services or other property. When the goods sale or lease is the main part, the relevant commercial-law chapter applies to the deal. Other law can still govern parts unrelated to goods. When goods are not the main part, only rules mainly about that sale… - Signed contracts control changes and settlements: mixed, low. A signed record can release all or part of a breach claim without payment or anything else in return. Final contract terms cannot be contradicted by earlier or same-time spoken agreements. Performance, past dealings, and trade practices can explain terms; consistent added terms are allowed unless t… - Signed sales records shape buyers’ rights: mixed, low. Goods sales of $500 or more, including boats, require a sufficient record signed by the party being held to the deal. Enforcement cannot exceed the quantity listed. Between merchants, a sufficient confirmation received within a reasonable time can satisfy that requirement unless the recipient objec… - Bank customers face transfer security rules: mixed, low. Payment-order security procedures can use symbols, sounds, or biometrics and assign duties to banks or customers. Signature comparison or a specified email, internet address, or phone number alone does not qualify. An unauthorized order can bind the customer only with an agreed, commercially reason… - Borrowers’ collateral proceeds stay subject to claims: mixed, low. Lender claims can follow qualifying proceeds into consumer goods or business-related legal claims, including qualifying mixed consumer-goods proceeds. Clauses covering later-acquired property can also reach those proceeds despite the usual consumer-goods and legal-claim limits. The existing 10-day… - Check imaging does not erase payment duties: mixed, low. Destroying a paper check during payment imaging does not, by itself, end the duty to pay it. This applies when processing extracts the check’s information, creates an image, and transmits both for payment. - Property owners face fixture claim limits: mixed, low. Lenders can outrank property owners or other property claimants for goods attached to real estate. This applies when the competing claimant consents to the lender’s claim or gives up a fixture interest in a signed record. Priority also applies when the debtor has the right to remove the goods again… - Merchant sellers retain limited possession protection: mixed, low. Creditor-transfer rules, including child-support cases, address sellers who keep possession after a sale. A merchant’s good-faith retention of sold or identified property is not fraudulent when it follows the usual course of trade. Retention must last only a commercially reasonable time. Creditors… - Banks gain electronic credit document options: mixed, low. Letters of credit and related changes can use signed electronic records. Parties can choose governing law in a signed agreement, the letter of credit, or a related undertaking. For jurisdiction, governing law, and interbranch letters of credit, each bank branch counts as a separate legal entity. It… - Banks retain rights over pledged accounts: mixed, low. A bank’s account rights and duties do not change merely because a lender claims the account or sends instructions. A signed bank agreement can change that result, and a separate statutory exception remains. People controlling deposit accounts, electronic chattel paper, or electronic money need not… - Bondholders gain liens without public filing: mixed, low. Money or property pledged for the covered corporation and authority bonds becomes subject to a lien without physical delivery. No further act is needed to attach that pledge lien. The pledge does not require recording or filing under Alaska’s secured-transactions law to be valid and perfected. Comp… - Default transfers require signed claim records: mixed, low. Junior creditors and specified consignor claimants must send signed demands before collateral proceeds are fully distributed. Junior claimants must provide reasonable proof of their interest if asked; the existing payment order otherwise remains. Where a consignor is involved, the junior claim must… - Digital asset buyers gain claim priority: mixed, low. Purchasers of recorded goods-backed or lease-payment rights can gain priority by possessing every authoritative paper copy or controlling every authoritative electronic copy. For inventory proceeds, purchasers must give new value, act in good faith and in ordinary business, with no copy naming anot… - Digital claim rankings change after transition: mixed, low. Preexisting claim rankings for controllable accounts, electronic records, payment rights, and electronic money generally remain governed by prior law during transition. Where the former secured-transactions rules did not apply, other applicable law governs those earlier rankings. One year after the… - Digital holders must establish legal control: mixed, low. For electronic chattel paper—records of secured debts or goods leases—a reliable system must identify official copies and the buyer. Buyers need the specified powers to prevent changes to the named assignee and transfer control, subject to statutory exceptions. Control of electronic money requires… - Electronic title holders gain transfer rules: mixed, low. Delivery of an electronic title document means voluntarily transferring control, while delivery of specified paper documents means transferring possession. Electronic systems must identify official copies and the person to whom they were issued or transferred. That person must have powers to preven… - Existing lenders face one-year transition deadlines: mixed, low. Previously enforceable, perfected security interests remain perfected without action if they meet the new requirements on the law’s effective date. Otherwise, perfection lasts until the earlier of its old-law expiration or one year after that date; new perfection requirements must be met before tha… - Investors and lenders get governing-law rules: mixed, low. The intermediary’s jurisdiction governs specified rights, duties, and competing claims for securities held through an intermediary. Listed issuer and intermediary rules apply even without a transaction connection to that place. A bank’s jurisdiction similarly governs the protection and ranking of c… - Lender claims continue after debtor changes: mixed, low. Protected collateral claims generally continue for four months after specified debtor or governing-jurisdiction changes. They generally continue for one year after a specified transfer to a new debtor in another jurisdiction. These periods cover listed paper and controllable electronic collateral.… - Lenders face filing and collateral duties: mixed, low. The law defines transfer parties to include lenders, buyers and sellers of listed payment rights, and people transferring security interests. Financing-statement filings require debtor authorization through an authenticated record or the law’s other authorization rules. A security agreement also au… - Lenders face new digital collateral rules: mixed, low. A lender can perfect a chattel-paper claim by possessing every official paper copy and controlling every official electronic copy. This protection starts only after both steps and lasts only while both are maintained; control of controllable assets outranks competing claims without control. For ele… - Lenders gain digital collateral enforcement options: mixed, low. Lenders can enforce claims on listed collateral through control or possession when they give value and borrowers have transferable rights. A non-debtor can hold deposit-account control for a lender; the specified debtor-lender-bank control agreement requires a signed record. Claims on controllable… - Lenders get updated digital collateral categories: mixed, low. Collateral categories now cover controllable accounts, health insurance receivables, software, and controllable electronic records and payment rights. Controllable payment rights must be recorded electronically and direct payment to whoever has control. Recorded goods-backed payments and leases mai… - Payment rights become easier to transfer: mixed, low. Authenticated assignment notices are recognized for specified claims and defenses involving accounts, goods-backed payment records, and other payment rights. A payment-redirection notice must identify the assignment and say to pay the new holder; payment to that holder clears the obligation. Many c… - State purchasing follows added commercial rules: mixed, low. Alaska’s secured-transactions and controllable-electronic-record laws supplement state purchasing rules. They apply only where a specific state purchasing provision does not displace them. ## Sponsors and cosponsors - Sponsor: Matt Claman (Democratic), Senate ## Actions (67) - 2026-07-16: (S) EFFECTIVE DATE(S) OF LAW 9/30/26 (Senate) - 2026-07-16: (S) LAW W/O GOVERNOR SIGNATURE 6/30 CHAPTER 49 SLA 26 (Senate) - 2026-06-15: (S) 3:55 P.M. 6/15/26 TRANSMITTED TO GOVERNOR (Senate) - 2026-05-20: (H) VERSION: SB 252 (House) - 2026-05-20: (H) RETURN TO (S), TRANSMIT TO GOVERNOR NEXT (House) - 2026-05-20: (H) PASSED Y39 A1 (House) - 2026-05-20: (H) READ THE THIRD TIME SB 252 (House) - 2026-05-20: (H) ADVANCED TO THIRD READING UC (House) - 2026-05-20: (H) READ THE SECOND TIME (House) - 2026-05-20: (H) RULES TO CALENDAR 5/20/2026 (House) - 2026-05-16: (H) FN1: ZERO(DNR) (House) - 2026-05-16: (H) NR: MINA, COSTELLO, UNDERWOOD, EISCHEID, GRAY (House) - 2026-05-16: (H) DP: VANCE (House) - 2026-05-16: (H) JUD RPT 1DP 5NR (House) - 2026-05-15: (H) Minutes (HJUD) (House) - 2026-05-15: (H) Moved SB 252 Out of Committee -- Delayed to 30 minutes Following Session -- (House) - 2026-05-15: (H) JUDICIARY at 01:00 PM GRUENBERG 120 (House) - 2026-05-15: Audio/Video (House) - 2026-05-11: (H) Minutes (HJUD) (House) - 2026-05-11: (H) Heard & Held (House) - 2026-05-11: (H) JUDICIARY at 01:00 PM GRUENBERG 120 (House) - 2026-05-11: Audio/Video (House) - 2026-05-06: (H) FN1: ZERO(DNR) (House) - 2026-05-06: (H) NR: COULOMBE, D.NELSON, SADDLER (House) - 2026-05-06: (H) DP: FRIER, CARRICK, HALL, FIELDS (House) - 2026-05-06: (H) L&C RPT 4DP 3NR (House) - 2026-05-04: (H) Moved SB 252 Out of Committee -- Delayed to 10 min. Following Session -- (House) - 2026-05-04: (H) LABOR & COMMERCE at 03:15 PM BARNES 124 (House) - 2026-05-04: Audio/Video (House) - 2026-04-27: (H) Heard & Held (House) - 2026-04-27: (H) LABOR & COMMERCE at 03:15 PM BARNES 124 (House) - 2026-04-27: Audio/Video (House) - 2026-04-14: (H) L&C, JUD (House) - 2026-04-14: (H) READ THE FIRST TIME - REFERRALS (House) - 2026-04-13: (S) VERSION: SB 252 (Senate) - 2026-04-13: (S) TRANSMITTED TO (H) (Senate) - 2026-04-13: (S) PASSED Y20 N- (Senate) - 2026-04-13: (S) READ THE THIRD TIME SB 252 (Senate) - 2026-04-10: (S) ADVANCED TO THIRD READING 4/13 CAL (Senate) - 2026-04-10: (S) READ THE SECOND TIME (Senate) - 2026-04-10: (S) RULES TO CALENDAR 4/10/2026 (Senate) - 2026-04-03: (S) FN1: ZERO(DNR) (Senate) - 2026-04-03: (S) NR: TOBIN, KIEHL (Senate) - 2026-04-03: (S) DP: CLAMAN (Senate) - 2026-04-03: (S) JUD RPT 1DP 2NR (Senate) - 2026-04-01: (S) Minutes (SJUD) (Senate) - 2026-04-01: (S) Moved SB 252 Out of Committee (Senate) - 2026-04-01: (S) JUDICIARY at 01:30 PM BUTROVICH 205 (Senate) - 2026-04-01: Audio/Video (House) - 2026-03-25: (S) Heard & Held (Senate) - 2026-03-25: (S) JUDICIARY at 01:30 PM BUTROVICH 205 (Senate) - 2026-03-25: Audio/Video (House) - 2026-03-23: (S) JUD WAIVED PUBLIC HEARING NOTICE, RULE 23 (Senate) - 2026-03-23: (S) FN1: ZERO(DNR) (Senate) - 2026-03-23: (S) NR: YUNDT (Senate) - 2026-03-23: (S) DP: BJORKMAN, DUNBAR, GRAY-JACKSON (Senate) - 2026-03-23: (S) L&C RPT 3DP 1NR (Senate) - 2026-03-20: (S) Minutes (SL&C) (Senate) - 2026-03-20: (S) Moved SB 252 Out of Committee (Senate) - 2026-03-20: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate) - 2026-03-20: Audio/Video (House) - 2026-03-13: (S) Minutes (SL&C) (Senate) - 2026-03-13: (S) Heard & Held (Senate) - 2026-03-13: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate) - 2026-03-13: Audio/Video (House) - 2026-02-18: (S) L&C, JUD (Senate) - 2026-02-18: (S) READ THE FIRST TIME - REFERRALS (Senate) ## Bill text - Enrolled SB 252, 2026-05-20: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0252Z), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0252Z.PDF) - SB 252, 2026-02-18: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0252A), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0252A.PDF) ## Related bills - SB 178: EXPAND EARLY INTERVENTION SERVICES (became law) - SB 104: VEHICLES/BOATS: TRANSFER ON DEATH TITLE (became law) - SB 86: MONEY TRANSMISSION; VIRTUAL CURRENCY (became law) - HB 265: APPROP: MENTAL HEALTH BUDGET (signed) - HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP (signed) - HB 239: CRIME/CNTRL SUBST/ADDRESS CONFIDENTIALITY (became law) ## Sources - [Enrolled SB 252 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0252Z) - [Enrolled SB 252 (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0252Z.PDF) - [SB 252 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0252A) - [SB 252 (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0252A.PDF) ## Related - [SB 178: EXPAND EARLY INTERVENTION SERVICES](https://policyrisk.com/state-bill/AK-SB178-34) - [SB 104: VEHICLES/BOATS: TRANSFER ON DEATH TITLE](https://policyrisk.com/state-bill/AK-SB104-34) - [SB 86: MONEY TRANSMISSION; VIRTUAL CURRENCY](https://policyrisk.com/state-bill/AK-SB86-34) - [HB 265: APPROP: MENTAL HEALTH BUDGET](https://policyrisk.com/state-bill/AK-HB265-34) - [HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP](https://policyrisk.com/state-bill/AK-HB263-34) - [HB 239: CRIME/CNTRL SUBST/ADDRESS CONFIDENTIALITY](https://policyrisk.com/state-bill/AK-HB239-34) - [Alaska bills](https://policyrisk.com/states/alaska/bills) - [Alaska state hub](https://policyrisk.com/states/alaska) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AK-SB252-34 (as of 2026-11-04).