reglab/housing_qa huggingface dataset:
AK Stat § 45.29.407 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 4. Rights of Third Parties.|Sec. 45.29.407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.

(a) Except as otherwise provided in (b) of this section, a term in a lease agreement is ineffective to the extent that it (1) prohibits, restricts, or requires the consent of a party to the lease to the assignment, transfer, creation, attachment, perfection, or enforcement of a security interest in an interest of a party under the lease contract or in the lessor's residual interest in the goods; or (2) provides that the assignment, transfer, creation, attachment, perfection, or enforcement of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the lease. (b) Except as otherwise provided in AS 45.12.303(g), a term described in (a)(2) of this section is effective to the extent that there is (1) a transfer by the lessee of the lessee's right of possession or use of the goods in violation of the term; or (2) a delegation of a material performance of either party to the lease contract in violation of the term. (c) The creation, attachment, perfection, or enforcement of a security interest in the lessor's interest under the lease contract or the lessor's residual interest in the goods is not a transfer that materially impairs the lessee's prospect of obtaining return performance or materially changes the duty of or materially increases the burden or risk imposed on the lessee within the purview of AS 45.12.303(d) unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the lessor.
AK Stat § 45.29.409 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 4. Rights of Third Parties.|Sec. 45.29.409. Restrictions on assignment of letter-of-credit rights ineffective.

(a) A term in a letter of credit or a rule of law, statute, regulation, custom, or practice applicable to the letter of credit that prohibits, restricts, or requires the consent of an applicant, issuer, or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom, or practice (1) would impair the creation, attachment, or perfection of a security interest in the letter-of-credit right; or (2) provides that the assignment, transfer, creation, attachment, or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination, or remedy under the letter-of-credit right. (b) To the extent that a term in a letter of credit is ineffective under (a) of this section but would be effective under law other than this chapter or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit, or to the assignment of a right to proceeds of the letter of credit, the creation, attachment, or perfection of a security interest in the letter-of-credit right (1) is not enforceable against the applicant, issuer, nominated person, or transferee beneficiary; (2) imposes no duties or obligations on the applicant, issuer, nominated person, or transferee beneficiary; and (3) does not require the applicant, issuer, nominated person, or transferee beneficiary to recognize the security interest, pay or render performance to the secured party, or accept payment or other performance from the secured party.
AK Stat § 45.29.501 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.501. Filing office.

(a) Except as otherwise provided in (b) of this section, if the law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is (1) the office designated for the recording of a mortgage on the related real property if (A) the collateral is as-extracted collateral or timber to be cut; or (B) the financing statement is filed for record as a fixture filing and the collateral is goods that are or are to become fixtures; or (2) in all other cases, the central filing office of the Department of Natural Resources established under AS 44.37.027, including a case in which the collateral consists of goods that are or are to become fixtures and the financing statement is not filed for record as a fixture filing. (b) The office in which to file a financing statement to perfect a security interest in collateral, including fixtures, of a transmitting utility is the central filing office of the Department of Natural Resources established under AS 44.37.027. The financing statement also constitutes a fixture filing as to the collateral indicated in the financing statement that is or is to become fixtures.
AK Stat § 45.29.502 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.502. Contents of financing statement; mortgage as financing statement; time of filing financing statement.

(a) Subject to (b) of this section, a financing statement is sufficient only if it (1) provides the name of the debtor; (2) provides the name of the secured party or a representative of the secured party; and (3) indicates the collateral covered by the financing statement. (b) Except as otherwise provided in AS 45.29.501(b), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or that is filed as a fixture filing and covers goods that are or are to become fixtures, must (1) satisfy (a) of this section; (2) indicate that the financing statement covers this type of collateral; (3) indicate that the financing statement is to be filed for record in the real property records; (4) provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in the mortgage of the real property; and (5) if the debtor does not have an interest of record in the real property, provide the name of a record owner. (c) A mortgage is effective from the date of recording as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if (1) the mortgage indicates the goods or accounts that it covers; (2) the goods are or are to become fixtures related to the real property described in the mortgage or the collateral is related to the real property described in the mortgage and is as-extracted collateral or timber to be cut; (3) the mortgage satisfies the requirements for a financing statement in this section other than an indication that it is to be filed in the real property records; and (4) the mortgage is recorded. (d) A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.
AK Stat § 45.29.504 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.504. Indication of collateral.

A financing statement sufficiently indicates the collateral that it covers if the financing statement provides (1) a description of the collateral pursuant to AS 45.29.108; or (2) an indication that the financing statement covers all assets or all personal property.
AK Stat § 45.29.505 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.

(a) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement or may comply with a statute, regulation, or treaty described in AS 45.29.311(a) using the terms “consignor,” “consignee,” “lessor,” “lessee,” “bailor,” “bailee,” “licensor,” “licensee,” “owner,” “registered owner,” “buyer,” “seller,” or words of similar import instead of the terms “secured party” and “debtor.” (b) AS 45.29.501 - 45.29.525 apply to the filing of a financing statement under (a) of this section and, as appropriate, to compliance that is equivalent to filing a financing statement under AS 45.29.311(b), but the filing or compliance is not of itself a factor in determining whether the collateral secures an obligation. If it is determined for another reason that the collateral secures an obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or buyer that attaches to the collateral is perfected by the filing or compliance.
AK Stat § 45.29.506 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.506. Effect of errors or omissions.

(a) A financing statement substantially satisfying the requirements of AS 45.29.501 - 45.29.525 is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. (b) Except as otherwise provided in (c) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with AS 45.29.503(a) is seriously misleading. (c) If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with AS 45.29.503(a), the name provided does not make the financing statement seriously misleading. (d) For purposes of AS 45.29.508(b), the “debtor's correct name” in (c) of this section means the correct name of the new debtor.
AK Stat § 45.29.507 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.507. Effect of certain events on effectiveness of financing statement.

(a) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues even if the secured party knows of or consents to the disposition. (b) Except as otherwise provided in (c) of this section and AS 45.29.508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under AS 45.29.506. (c) If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under AS 45.29.503(a) so that the financing statement becomes seriously misleading under AS 45.29.506, the financing statement is (1) effective to perfect a security interest in collateral acquired by the debtor before, or within four months after, the filed financing statement becomes seriously misleading; and (2) not effective to perfect a security interest in collateral acquired by the debtor more than four months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement that renders the financing statement not seriously misleading is filed within four months after the financing statement becomes seriously misleading.
AK Stat § 45.29.508 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.508. Effectiveness of financing statement if new debtor becomes bound by security agreement.

(a) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would have been effective had the original debtor acquired rights in the collateral. (b) If the difference between the name of the original debtor and that of the new debtor causes a filed financing statement that is effective under (a) of this section to be seriously misleading under AS 45.29.506, the financing statement is (1) effective to perfect a security interest in collateral acquired by the new debtor before, and within four months after, the new debtor becomes bound under AS 45.29.203(d); and (2) not effective to perfect a security interest in collateral acquired by the new debtor more than four months after the new debtor becomes bound under AS 45.29.203(d) unless an initial financing statement providing the name of the new debtor is filed before the expiration of that time. (c) This section does not apply to collateral as to which a filed financing statement remains effective against the new debtor under AS 45.29.507(a).
AK Stat § 45.29.509 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.509. Persons entitled to file a record.

(a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if (1) the debtor authorizes the filing in an authenticated record or pursuant to (b) or (c) of this section; or (2) the person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien. (b) By authenticating or becoming bound as debtor by a security agreement, a debtor or new debtor authorizes the filing of an initial financing statement and an amendment covering (1) the collateral described in the security agreement; and (2) property that becomes collateral under AS 45.29.315(a)(2), whether or not the security agreement expressly covers proceeds. (c) By acquiring collateral in which a security interest or agricultural lien continues under AS 45.29.315(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under AS 45.29.315(a)(2). (d) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if (1) the secured party of record authorizes the filing; or (2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement required under AS 45.29.513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. (e) If there is more than one secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under (d) of this section.
AK Stat § 45.29.510 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.510. Effectiveness of filed record.

(a) A filed record is effective only to the extent that it was filed by a person who may file it under AS 45.29.509. (b) A record authorized by one secured party of record does not affect the financing statement with respect to another secured party of record. (c) A continuation statement that is not filed within the six-month period prescribed by AS 45.29.515(d) is ineffective.
AK Stat § 45.29.511 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.511. Secured party of record.

(a) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under AS 45.29.514(a), the assignee named in the initial financing statement is the secured party of record with respect to the financing statement. (b) If an amendment of a financing statement that provides the name of a person as a secured party or a representative of a secured party is filed, the person named in the amendment is a secured party of record. If an amendment is filed under AS 45.29.514(b), the assignee named in the amendment is a secured party of record. (c) A person remains a secured party of record until the filing of an amendment of the financing statement that deletes the person.
AK Stat § 45.29.512 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.512. Amendment of financing statement.

(a) Subject to AS 45.29.509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to (e) of this section, otherwise amend the information provided in, a financing statement by filing an amendment that (1) identifies by its file number the initial financing statement to which the amendment relates; and (2) if the amendment relates to an initial financing statement filed or recorded in a filing office described in AS 45.29.501(a)(1), provides the date that the initial financing statement was filed or recorded and the information specified in AS 45.29.502(b). (b) Except as otherwise provided in AS 45.29.515, the filing of an amendment does not extend the period of effectiveness of the financing statement. (c) A financing statement that is amended by an amendment that adds collateral is effective as to the added collateral only from the date of the filing of the amendment. (d) A financing statement that is amended by an amendment that adds a debtor is effective as to the added debtor only from the date of the filing of the amendment. (e) An amendment is ineffective to the extent it purports to delete all (1) debtors and fails to provide the name of a debtor to be covered by the financing statement; or (2) secured parties of record and fails to provide the name of a new secured party of record.
AK Stat § 45.29.513 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.513. Termination statement.

(a) A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and (1) there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or (2) the debtor did not authorize the filing of the initial financing statement. (b) To comply with (a) of this section, a secured party shall cause the secured party of record to file the termination statement (1) within one month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; or (2) if earlier, within 20 days after the secured party receives an authenticated demand from a debtor. (c) In cases not governed by (a) of this section, within 20 days after a secured party receives an authenticated demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if (1) except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation, or otherwise give value; (2) the financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation; (3) the financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor's possession; or (4) the debtor did not authorize the filing of the initial financing statement. (d) Except as otherwise provided in AS 45.29.510, upon the filing of a termination statement in the filing office, the financing statement to which the termination statement relates ceases to be effective. Except as otherwise provided in AS 45.29.510, for purposes of AS 45.29.519(g), 45.29.522(a), and 45.29.523(c), the filing in the filing office of a termination statement relating to a financing statement that indicates that the debtor is a transmitting utility also causes the effectiveness of the financing statement to lapse.
AK Stat § 45.29.514 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 5. Filing.|Sec. 45.29.514. Assignment of powers of secured party of record.

(a) Except as otherwise provided in (c) of this section, an initial financing statement may reflect an assignment of all of the secured party's power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address of the secured party. (b) Except as otherwise provided in (c) of this section, a secured party of record may assign of record all or part of its power to authorize an amendment to a financing statement by filing in the filing office an amendment of the financing statement that (1) identifies by its file number the initial financing statement to which it relates; (2) provides the name of the assignor; and (3) provides the name and mailing address of the assignee. (c) An assignment of record of a security interest in a fixture covered by a mortgage that is effective as a financing statement filed as a fixture filing under AS 45.29.502(c) may be made only by an assignment of record of the mortgage in the manner provided by law of this state other than the code.