Section 45.12.306. Priority of certain liens arising by operation of law.

If a person in the ordinary course of the person's business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this chapter unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.

Authorities

45.12.307

Notes

References

AS 45.12.307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods.

History

(Sec. 125 ch 35 SLA 1993)