(a) Except as otherwise provided in (c) of this section, for purposes of determining the priority of a perfected security interest under AS 45.29.322(a)(1), perfection of the security interest dates from the time an advance is made to the extent that the security interest secures an advance that
(1) is made while the security interest is perfected only
(A) under AS 45.29.309 when it attaches; or
(B) temporarily under AS 45.29.312(e), (f), or (g); and
(2) not made pursuant to a commitment entered into before or while the security interest is perfected by a method other than under AS 45.29.309 or 45.29.312(e), (f), or (g).
(b) Except as otherwise provided in (c) of this section, a security interest is subordinate to the rights of a person who becomes a lien creditor to the extent that the security interest secures an advance made more than 45 days after the person becomes a lien creditor unless the advance is made
(1) without knowledge of the lien; or
(2) pursuant to a commitment entered into without knowledge of the lien.
(c) The provisions of (a) and (b) of this section do not apply to a security interest held by a secured party that is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor.
(d) Except as otherwise provided in (e) of this section, a buyer of goods other than a buyer in ordinary course of business takes free of a security interest to the extent that it secures advances made after the earlier of
(1) the time the secured party acquires knowledge of the buyer's purchase; or
(2) 45 days after the purchase.
(e) The provisions of (d) of this section do not apply if the advance is made pursuant to a commitment entered into without knowledge of the buyer's purchase and before the expiration of the 45-day period.
(f) Except as otherwise provided in (g) of this section, a lessee of goods, other than a lessee in ordinary course of business, takes the leasehold interest free of a security interest to the extent that it secures advances made after the earlier of
(1) the time the secured party acquires knowledge of the lease; or
(2) 45 days after the lease contract becomes enforceable.
(g) The provisions of (f) of this section do not apply if the advance is made pursuant to a commitment entered into without knowledge of the lease and before the expiration of the 45-day period.
Structure Alaska Statutes
Chapter 29. Secured Transactions
Article 3. Perfection and Priority.
Sec. 45.29.301. Law governing perfection and priority of security interests.
Sec. 45.29.302. Law governing perfection and priority of agricultural liens.
Sec. 45.29.304. Law governing perfection and priority of security interests in deposit accounts.
Sec. 45.29.305. Law governing perfection and priority of security interests in investment property.
Sec. 45.29.307. Location of debtor.
Sec. 45.29.308. When security interest or agricultural lien is perfected; continuity of perfection.
Sec. 45.29.309. Security interest perfected upon attachment.
Sec. 45.29.314. Perfection by control.
Sec. 45.29.315. Secured party's rights on disposition of collateral and in proceeds.
Sec. 45.29.316. Continued perfection of security interest following change in governing law.
Sec. 45.29.319. Rights and title of consignee with respect to creditors and purchasers.
Sec. 45.29.320. Buyer of goods.
Sec. 45.29.321. Licensee of general intangible and lessee of goods in ordinary course of business.
Sec. 45.29.323. Future advances.
Sec. 45.29.324. Priority of purchase money security interests.
Sec. 45.29.325. Priority of security interests in transferred collateral.
Sec. 45.29.326. Priority of security interests created by new debtor.
Sec. 45.29.327. Priority of security interests in deposit account.
Sec. 45.29.328. Priority of security interests in investment property.
Sec. 45.29.329. Priority of security interests in letter-of-credit right.
Sec. 45.29.330. Priority of purchaser of chattel paper or instrument.
Sec. 45.29.332. Transfer of money; transfer of funds from deposit account.
Sec. 45.29.333. Priority of certain liens arising by operation of law.
Sec. 45.29.334. Priority of security interests in fixtures and crops.
Sec. 45.29.336. Commingled goods.
Sec. 45.29.337. Priority of security interests in goods covered by certificate of title.
Sec. 45.29.339. Priority subject to subordination.
Sec. 45.29.340. Effectiveness of right of recoupment or setoff against deposit account.
Sec. 45.29.341. Bank's rights and duties with respect to deposit account.
Sec. 45.29.342. Bank's right to refuse to enter into or disclose existence of control agreement.