Section 28.10.371. Filing documents evidencing liens or encumbrances.

   (a) A conditional sales contract, chattel mortgage, or other lien or encumbrance or title retention document on a registered vehicle, other than a lien dependent upon possession, is not valid against a vehicle owner's creditor who acquires a lien dependent upon possession, or by levy or attachment, or against a subsequent purchaser or encumbrancer without notice, until the requirements of AS 28.10.371 - 28.10.401 are satisfied.
   (b) Notwithstanding (a) of this section, a lien on a manufactured home for the purchase of the manufactured home is valid against judicial lien creditors and execution creditors on and after the date the lien attaches under AS 45.29 against the manufactured home.
   (c) Notwithstanding (a) of this section, the holder of a lien on a manufactured home may deliver a lien release document to a person to facilitate conveying or encumbering the manufactured home. A person receiving the lien release document holds the document in trust for the lienholder.

Authorities

28.10.371;28.10.391

Notes

References

AS 28.10.371 Filing documents evidencing liens or encumbrances.
AS 28.10.391 Filing and date of notice.

History

(Sec. 7 ch 178 SLA 1978; am Sec. 17 ch 64 SLA 2012)