Alaska Statutes 45.12.306 – Priority of certain liens arising by operation of law
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 45.12.306
- Contract: A legal written agreement that becomes binding when signed.
- goods: means all things that are movable at the time of identification to the lease contract, or are fixtures under Alaska Stat. See Alaska Statutes 45.12.103
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- lease: means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. See Alaska Statutes 45.12.103
- lessee: means a person who acquires the right to possession and use of goods under a lease. See Alaska Statutes 45.12.103
- lessor: means a person who transfers the right to possession and use of goods under a lease. See Alaska Statutes 45.12.103
- Lien: A claim against real or personal property in satisfaction of a debt.
- lien: means a charge against or interest in goods to secure payment of a debt or performance of an obligation, but the term does not include a security interest. See Alaska Statutes 45.12.103
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- Statute: A law passed by a legislature.
If a person in the ordinary course of the person’s business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this chapter unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.