§ 45.29.601 Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes
§ 45.29.602 Waiver and variance of rights and duties
§ 45.29.603 Agreement on standards concerning rights and duties
§ 45.29.604 Procedure if security agreement covers real property or fixtures
§ 45.29.605 Unknown debtor or secondary obligor
§ 45.29.606 Time of default for agricultural lien
§ 45.29.607 Collection and enforcement by secured party
§ 45.29.608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus
§ 45.29.609 Secured party’s right to take possession after default
§ 45.29.610 Disposition of collateral after default
§ 45.29.611 Notification before disposition of collateral
§ 45.29.612 Timeliness of notification before disposition of collateral
§ 45.29.613 General notification before disposition of collateral
§ 45.29.614 Notification before disposition of collateral in consumer goods transaction
§ 45.29.615 Application of proceeds of disposition; liability for deficiency and right to surplus
§ 45.29.616 Explanation of calculation of surplus or deficiency
§ 45.29.617 Rights of transferee of collateral
§ 45.29.618 Rights and duties of certain secondary obligors
§ 45.29.619 Transfer of record or legal title
§ 45.29.620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral
§ 45.29.621 Notification of proposal to accept collateral
§ 45.29.622 Effect of acceptance of collateral
§ 45.29.623 Right to redeem collateral
§ 45.29.624 Waiver
§ 45.29.625 Remedies for secured party’s failure to comply with chapter
§ 45.29.626 Action in which deficiency or surplus is in issue
§ 45.29.627 Determination of whether conduct was commercially reasonable
§ 45.29.628 Nonliability and limitation on liability of secured party; liability of secondary obligor
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Terms Used In Alaska Statutes > Title 45 > Chapter 29 > Article 6 - Default

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Personal property: All property that is not real property.
  • personal property: includes money, goods, chattels, things in action, and evidences of debt. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Statute: A law passed by a legislature.
  • writing: includes printing. See Alaska Statutes 01.10.060