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49 chapters · 1,198 sections in this title.
AS 45.29.605 Unknown debtor or secondary obligor.
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A secured party does not owe a duty based on its status as secured party to (1) a person who is a debtor or obligor unless the secured party knows (A) that the person is a debtor or obligor; (B) the identity of the person; and (C) how to communicate with the person; or (2) a secu…
AS 45.29.606 Time of default for agricultural lien.
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For purposes of AS 45.29.601 — 45.29.628, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created.
AS 45.29.607 Collection and enforcement by secured party.
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(a) If so agreed and, in any event, after default, a secured party (1) may notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party; (2) may take proceeds to which the secured party…
AS 45.29.608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.
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(a) If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply: (1) a secured party shall apply or pay over for application the cash proceeds of collection or enforcement under AS 45.29.607 in the following order to (A) …