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2019 Alaska Statutes
Title 45. Trade and Commerce
Chapter 29. Secured Transactions
Article 3. Perfection and Priority.
Sec. 45.29.333. Priority of certain liens arising by operation of law.
Universal Citation: AK Stat § 45.29.333 (2019)
(a) In this section, “possessory lien” means an interest, other than a security interest or an agricultural lien,
(1) that secures payment or performance of an obligation for services or materials furnished with respect to goods by a person in the ordinary course of the person's business;
(2) that is created by statute or rule of law in favor of the person; and
(3) whose effectiveness depends on the person's possession of the goods.
(b) A possessory lien on goods has priority over a security interest in the goods unless the lien is created by a statute that expressly provides otherwise.
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