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AS 45.29.510

Effectiveness of filed record

Known as the Uniform Commercial Code

The act spans §§ 45–45 (615 sections).

(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.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.