{"data":{"id":"us-ak/as-45.29.109","jurisdiction":"us-ak","citation":"AS 45.29.109","heading":"Scope.","body":"(a) Except as otherwise provided in (c) and (d) of this section, this chapter applies to\n(1) a transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract;\n(2) an agricultural lien;\n(3) a sale of accounts, chattel paper, payment intangibles, or promissory notes;\n(4) a consignment;\n(5) a security interest arising under AS 45.02.401, 45.02.505, 45.02.711(c), or AS 45.12.508(e), as provided in AS 45.29.110; and\n(6) a security interest arising under AS 45.04.210 or AS 45.05.118.\n(b) The application of this chapter to a security interest in a secured obligation is not affected by the fact that the obligation is itself secured by a transaction or interest to which this chapter does not apply.\n(c) This chapter does not apply to the extent that\n(1) a statute, regulation, or treaty of the United States preempts this chapter;\n(2) another statute of this state expressly governs the creation, perfection, priority, or enforcement of a security interest created by this state or a governmental unit of this state;\n(3) a statute of another state, a foreign country, or a governmental unit of another state or a foreign country, other than a statute generally applicable to security interests, expressly governs creation, perfection, priority, or enforcement of a security interest created by the state, country, or governmental unit; or\n(4) the rights of a transferee beneficiary or nominated person under a letter of credit are independent and superior under AS 45.05.114.\n(d) This chapter does not apply to\n(1) a landlord's lien, other than an agricultural lien;\n(2) a lien, other than an agricultural lien, given by statute or other rule of law for services or materials, but AS 45.29.333 applies with respect to priority of the lien;\n(3) an assignment of a claim for wages, salary, or other compensation of an employee;\n(4) a sale of accounts, chattel paper, payment intangibles, or promissory notes as part of a sale of the business out of which they arose;\n(5) an assignment of accounts, chattel paper, payment intangibles, or promissory notes that is for the purpose of collection only;\n(6) an assignment of a right to payment under a contract to an assignee that is also obligated to perform under the contract;\n(7) an assignment of a single account, payment intangible, or promissory note to an assignee in full or partial satisfaction of a preexisting indebtedness;\n(8) a transfer of an interest in or an assignment of a claim under a policy of insurance, other than an assignment by or to a health care provider of a health care insurance receivable and any subsequent assignment of the right to payment, but AS 45.29.315 and 45.29.322 apply with respect to proceeds and priorities in proceeds;\n(9) an assignment of a right represented by a judgment, other than a judgment taken on a right to payment that was collateral;\n(10) a right of recoupment or setoff, but\n(A) AS 45.29.340 applies with respect to the effectiveness of rights of recoupment or setoff against deposit accounts; and\n(B) AS 45.29.404 applies with respect to defenses or claims of an account debtor;\n(11) the creation or transfer of an interest in or lien on real property, including a lease or rents thereunder, except to the extent that provision is made for\n(A) liens on real property in AS 45.29.203 and 45.29.308;\n(B) fixtures in AS 45.29.334;\n(C) fixture filings in AS 45.29.501, 45.29.502, 45.29.512, 45.29.516, and 45.29.519; and\n(D) security agreements covering personal and real property in AS 45.29.604;\n(12) an assignment of a claim arising in tort, other than a commercial tort claim, but AS 45.29.315 and 45.29.322 apply with respect to proceeds and priorities in proceeds;\n(13) an assignment of a deposit account in a consumer transaction, but AS 45.29.315 and 45.29.322 apply with respect to proceeds and priorities in proceeds; or\n(14) notwithstanding (c)(2) of this section, a transfer by a government or governmental subdivision or agency.","path":["Title 45. Trade and Commerce.","Chapter 29. Secured Transactions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.29.109","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"c787733bac6e21ad2a7856d20e2ef6cae62b126c3de9cc10f704da8f27caa7d4","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.29.108","next":"us-ak/as-45.29.110"},"notice":"GroundRules: Original legal text. Not legal advice."}