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

   (a) Except as otherwise provided in AS 45.12.306, a creditor of a lessee takes subject to the lease contract.
   (b) Except as otherwise provided in (c) of this section and in AS 45.12.306 and 45.12.308, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable.
   (c) Except as otherwise provided in AS 45.29.317, 45.29.321, and 45.29.323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.
   (d)  [Repealed, Sec. 31 ch 113 SLA 2000]. 

Notes

History

(Sec. 125 ch 35 SLA 1993; am Sec. 28, 29, 31 ch 113 SLA 2000)