{"data":{"id":"us-ak/as-45.29.201","jurisdiction":"us-ak","citation":"AS 45.29.201","heading":"General effectiveness of security agreement.","body":"(a) Except as otherwise provided in the code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.\n(b) A transaction subject to this chapter is subject to\n(1) an applicable rule of law that establishes a different rule for consumers;\n(2) another statute or regulation that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; and\n(3) consumer protection statutes or regulations.\n(c) In case of conflict between this chapter and a rule of law, statute, or regulation described in (b) of this section, the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in (b) of this section has only the effect the statute or regulation specifies.\n(d) This chapter does not\n(1) validate a rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in (b) of this section; or\n(2) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.","path":["Title 45. Trade and Commerce.","Chapter 29. Secured Transactions.","Article 2. Security Agreements; Security Interests."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.29.201","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"58cab95a8bc925ee9323e88a83d6a8b365eb11da4d7c06540afa9c0fe933f634","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.29.110","next":"us-ak/as-45.29.202"},"notice":"GroundRules: Original legal text. Not legal advice."}