reglab/housing_qa huggingface dataset:
AK Stat § 45.29.106 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 1. General Provisions.|Sec. 45.29.106. Control of investment property.

(a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in AS 45.08.106. (b) A secured party has control of a commodity contract if (1) the secured party is the commodity intermediary with which the commodity contract is carried; or (2) the commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer. (c) A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.
AK Stat § 45.29.107 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 1. General Provisions.|Sec. 45.29.107. Control of letter-of-credit right.

A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or a nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under AS 45.05.114(c) or otherwise applicable law or practice.
AK Stat § 45.29.108 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 1. General Provisions.|Sec. 45.29.108. Sufficiency of description.

(a) Except as otherwise provided in (c) - (e) of this section, a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. (b) Except as otherwise provided in (d) of this section, a description of collateral reasonably identifies the collateral if it identifies the collateral by (1) specific listing; (2) category; (3) except as otherwise provided in (e) of this section, a type of collateral defined in the code; (4) quantity; (5) computational or allocational formula or procedure; or (6) except as otherwise provided in (c) of this section, another method if the identity of the collateral is objectively determinable. (c) A description of collateral as “all the debtor's assets” or “all the debtor's personal property” or using words of similar import does not reasonably identify the collateral. (d) Except as otherwise provided in (e) of this section, a description of a security entitlement, securities account, or commodity account is sufficient if it describes (1) the collateral by those terms or as investment property; or (2) the underlying financial asset or commodity contract. (e) A description only by type of collateral defined in the code is an insufficient description of (1) a commercial tort claim; or (2) in a consumer transaction, consumer goods, a security entitlement, a securities account, or a commodity account.
AK Stat § 45.29.110 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 1. General Provisions.|Sec. 45.29.110. Security interests arising under AS 45.02 or AS 45.12.

A security interest arising under AS 45.02.401, 45.02.505, 45.02.711(c), or AS 45.12.508(e) is subject to this chapter. However, until the debtor obtains possession of the goods, (1) the security interest is enforceable even if AS 45.29.203(b)(3) has not been satisfied; (2) filing is not required to perfect the security interest; (3) the rights of the secured party after default by the debtor are governed by AS 45.02 or AS 45.12; and (4) the security interest has priority over a conflicting security interest created by the debtor.
AK Stat § 45.29.201 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.201. General effectiveness of security agreement.

(a) Except as otherwise provided in the code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors. (b) A transaction subject to this chapter is subject to (1) an applicable rule of law that establishes a different rule for consumers; (2) another statute or regulation that regulates the rates, charges, agreements, and practices for loans, credit sales, or other extensions of credit; and (3) consumer protection statutes or regulations. (c) In case of conflict between this chapter and a rule of law, statute, or regulation described in (b) of this section, the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in (b) of this section has only the effect the statute or regulation specifies. (d) This chapter does not (1) validate a rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in (b) of this section; or (2) extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.
AK Stat § 45.29.202 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.202. Title to collateral immaterial.

Except as otherwise provided with respect to consignments or sales of accounts, chattel paper, payment intangibles, or promissory notes, the provisions of this chapter with regard to rights and obligations apply whether title to collateral is in the secured party or the debtor.
AK Stat § 45.29.204 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.204. After-acquired property; future advances.

(a) Except as otherwise provided in (b) of this section, a security agreement may create or provide for a security interest in after-acquired collateral. (b) A security interest does not attach under a term constituting an after-acquired property clause to (1) consumer goods, other than an accession when given as additional security, unless the debtor acquires rights in them within 10 days after the secured party gives value; or (2) a commercial tort claim. (c) A security agreement may provide that collateral secures, or that accounts, chattel paper, payment intangibles, or promissory notes are sold in connection with, future advances or other value, whether or not the advances or value are given pursuant to a commitment.
AK Stat § 45.29.205 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.205. Use or disposition of collateral permissible.

(a) A security interest is not invalid or fraudulent against creditors solely because (1) the debtor has the right or ability to (A) use, commingle, or dispose of all or part of the collateral, including returned or repossessed goods; (B) collect, compromise, enforce, or otherwise deal with collateral; (C) accept the return of collateral or make repossessions; or (D) use, commingle, or dispose of proceeds; or (2) the secured party fails to require the debtor to account for proceeds or replace collateral. (b) This section does not relax the requirements of possession if attachment, perfection, or enforcement of a security interest depends upon possession of the collateral by the secured party.
AK Stat § 45.29.206 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.206. Security interest arising in purchase or delivery of financial asset.

(a) A security interest in favor of a securities intermediary attaches to a person's security entitlement if (1) the person buys a financial asset through the securities intermediary in a transaction in which the person is obligated to pay the purchase price to the securities intermediary at the time of the purchase; and (2) the securities intermediary credits the financial asset to the buyer's securities account before the buyer pays the securities intermediary. (b) The security interest described in (a) of this section secures the person's obligation to pay for the financial asset. (c) A security interest in favor of a person who delivers a certificated security or other financial asset represented by a writing attaches to the security or other financial asset if (1) the security or other financial asset (A) in the ordinary course of business, is transferred by delivery with any necessary endorsement or assignment; and (B) is delivered under an agreement between persons in the business of dealing with such securities or financial assets; and (2) the agreement calls for delivery against payment. (d) The security interest described in (c) of this section secures the obligation to make payment for the delivery.
AK Stat § 45.29.207 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.207. Rights and duties of secured party having possession or control of collateral.

(a) Except as otherwise provided in (d) of this section, a secured party shall use reasonable care in the custody and preservation of collateral in the secured party's possession. In the case of chattel paper or an instrument, reasonable care includes taking necessary steps to preserve rights against prior parties unless otherwise agreed. (b) Except as otherwise provided in (d) of this section, if a secured party has possession of collateral, (1) reasonable expenses, including the cost of insurance and payment of taxes or other charges, incurred in the custody, preservation, use, or operation of the collateral are chargeable to the debtor and are secured by the collateral; (2) the risk of accidental loss or damage is on the debtor to the extent of a deficiency in any effective insurance coverage; (3) the secured party shall keep the collateral identifiable, but fungible collateral may be commingled; and (4) the secured party may use or operate the collateral (A) for the purpose of preserving the collateral or its value; (B) as permitted by an order of a court having competent jurisdiction; or (C) except in the case of consumer goods, in the manner and to the extent agreed by the debtor. (c) Except as otherwise provided in (d) of this section, a secured party having possession of collateral or control of collateral under AS 45.07.116, AS 45.29.104, 45.29.105, 45.29.106, or 45.29.107 (1) may hold as additional security any proceeds, except money or funds, received from the collateral; (2) shall apply money or funds received from the collateral to reduce the secured obligation unless remitted to the debtor; and (3) may create a security interest in the collateral. (d) If the secured party is a buyer of accounts, chattel paper, payment intangibles, or promissory notes or a consignor, (1) the provisions of (a) of this section do not apply unless the secured party is entitled under an agreement (A) to charge back uncollected collateral; or (B) otherwise to full or limited recourse against the debtor or a secondary obligor based on the nonpayment or other default of an account debtor or other obligor on the collateral; and (2) the provisions of (b) and (c) of this section do not apply.
AK Stat § 45.29.209 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 2. Security Agreements; Security Interests.|Sec. 45.29.209. Duties of secured party if account debtor has been notified of assignment.

(a) Except as otherwise provided in (c) of this section, this section applies to a case in which (1) there is no outstanding secured obligation; and (2) the secured party is not committed to make advances, incur obligations, or otherwise give value. (b) Within 10 days after receiving an authenticated demand by the debtor, a secured party shall send to an account debtor that has received notification of an assignment to the secured party as assignee under AS 45.29.406(a) an authenticated record that releases the account debtor from further obligation to the secured party. (c) This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
AK Stat § 45.29.301 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.301. Law governing perfection and priority of security interests.

Except as otherwise provided in AS 45.29.303 - 45.29.306, the following rules determine the law governing perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral: (1) except as otherwise provided in this section, while a debtor is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in collateral; (2) while collateral is located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a possessory security interest in that collateral; (3) except as otherwise provided in (4) of this section, while tangible negotiable documents, goods, instruments, money, or tangible chattel paper is located in a jurisdiction, the local law of that jurisdiction governs (A) perfection of a security interest in the goods by filing a fixture filing; (B) perfection of a security interest in timber to be cut; and (C) the effect of perfection or nonperfection and the priority of a nonpossessory security interest in the collateral; (4) the local law of the jurisdiction in which the wellhead or minehead is located governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in as-extracted collateral.
AK Stat § 45.29.302 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.302. Law governing perfection and priority of agricultural liens.

While farm products are located in a jurisdiction, the local law of that jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of an agricultural lien on the farm products.
AK Stat § 45.29.303 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.303. Law governing perfection and priority of security interests in goods covered by a certificate of title.

(a) This section applies to goods covered by a certificate of title even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor. (b) Goods become covered by a certificate of title when a valid application for the certificate of title and the applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the earlier of the time (1) the certificate of title ceases to be effective under the law of the issuing jurisdiction; or (2) the goods become covered subsequently by a certificate of title issued by another jurisdiction. (c) The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of title from the time the goods become covered by the certificate of title until the goods cease to be covered by the certificate of title.
AK Stat § 45.29.304 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.304. Law governing perfection and priority of security interests in deposit accounts.

(a) The local law of a bank's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a deposit account maintained with that bank. (b) The following rules determine a bank's jurisdiction for purposes of AS 45.29.301 - 45.29.342: (1) if an agreement between the bank and the debtor governing the deposit account expressly provides that a particular jurisdiction is the bank's jurisdiction for purposes of AS 45.29.301 - 45.29.342, this chapter, or the code, that jurisdiction is the bank's jurisdiction; (2) if (1) of this subsection does not apply and an agreement between the bank and its customer governing the deposit account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the bank's jurisdiction; (3) if neither (1) nor (2) of this subsection applies and an agreement between the bank and its customer governing the deposit account expressly provides that the deposit account is maintained at an office in a particular jurisdiction, that jurisdiction is the bank's jurisdiction; (4) if (1), (2), or (3) of this subsection does not apply, the bank's jurisdiction is the jurisdiction in which the office identified in an account statement as the office serving the customer's account is located; (5) if (1), (2), (3), or (4) of this subsection does not apply, the bank's jurisdiction is the jurisdiction in which the chief executive office of the bank is located.
AK Stat § 45.29.306 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.306. Law governing perfection and priority of security interests in letter-of-credit rights.

(a) Subject to (c) of this section, the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer's jurisdiction or nominated person's jurisdiction is a state. (b) For purposes of AS 45.29.301 - 45.29.342, an issuer's jurisdiction or nominated person's jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in AS 45.05.116. (c) This section does not apply to a security interest that is perfected only under AS 45.29.308(d).
AK Stat § 45.29.307 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.307. Location of debtor.

(a) In this section, “place of business” means a place where a debtor conducts its affairs. (b) Except as otherwise provided in this section, the following rules determine a debtor's location: (1) a debtor who is an individual is located at the individual's principal residence; (2) a debtor that is an organization and has only one place of business is located at its place of business; (3) a debtor that is an organization and has more than one place of business is located at its chief executive office. (c) The provisions of (b) of this section apply only if a debtor's residence, place of business, or chief executive office, as applicable, is located in a jurisdiction whose law generally requires information concerning the existence of a nonpossessory security interest to be made generally available in a filing, recording, or registration system as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. If (b) of this section does not apply, the debtor is located in the District of Columbia. (d) A person who ceases to exist, have a residence, or have a place of business continues to be located in the jurisdiction specified by (b) and (c) of this section. (e) A registered organization that is organized under the law of a state is located in that state. (f) Except as otherwise provided in (i) of this section, a registered organization that is organized under the law of the United States and a branch or agency of a bank that is not organized under the law of the United States or a state are located (1) in the state that the law of the United States designates if the law designates a state of location; (2) in the state that the registered organization, branch, or agency designates if the law of the United States authorizes the registered organization, branch, or agency to designate its state of location, including by designating its main office, home office, or other comparable office; or (3) in the District of Columbia if neither (1) nor (2) of this subsection applies. (g) A registered organization continues to be located in the jurisdiction specified by (e) or (f) of this section notwithstanding (1) the suspension, revocation, forfeiture, or lapse of the registered organization's status as such in its jurisdiction of organization; or (2) the dissolution, winding up, or cancellation of the existence of the registered organization. (h) The United States is located in the District of Columbia. (i) A branch or agency of a bank that is not organized under the law of the United States or a state is located in the state in which the branch or agency is licensed if all branches and agencies of the bank are licensed in only one state. (j) A foreign air carrier, under the Federal Aviation Act of 1958, as amended, is located at the designated office of the agent upon which service of process may be made on behalf of the carrier. (k) This section applies only for purposes of AS 45.29.301 - 45.29.342.
AK Stat § 45.29.308 (2021)
2021 Alaska Statutes|Title 45. Trade and Commerce|Chapter 29. Secured Transactions|Article 3. Perfection and Priority.|Sec. 45.29.308. When security interest or agricultural lien is perfected; continuity of perfection.

(a) Except as otherwise provided in this section and AS 45.29.309, a security interest is perfected if it has attached and all of the applicable requirements for perfection in AS 45.29.310 - 45.29.316 have been satisfied. A security interest is perfected when it attaches if the applicable requirements are satisfied before the security interest attaches. (b) An agricultural lien is perfected if it has become effective and all of the applicable requirements for perfection in AS 45.29.310 have been satisfied. An agricultural lien is perfected when it becomes effective if the applicable requirements are satisfied before the agricultural lien becomes effective. (c) A security interest or agricultural lien is perfected continuously if it is originally perfected by one method under this chapter and is later perfected by another method under this chapter, without an intermediate period when it was unperfected. (d) Perfection of a security interest in collateral also perfects a security interest in a supporting obligation for the collateral. (e) Perfection of a security interest in a right to payment or performance also perfects a security interest in a security interest, mortgage, or other lien on personal or real property securing the right. (f) Perfection of a security interest in a securities account also perfects a security interest in the security entitlements carried in the securities account. (g) Perfection of a security interest in a commodity account also perfects a security interest in the commodity contracts carried in the commodity account.