Alaska Statutes 09.45.390 – Lienholder having other securities
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 09.45.390
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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
- property: includes real and personal property. See Alaska Statutes 01.10.060
When a party to an action or a person who holds a lien upon the property or a part of it has other securities for the payment of the amount of the lien, the court may order the securities to be exhausted before a distribution of the proceeds of sale, or may order a just deduction to be made from the amount of the lien on the property on that account.