Except as otherwise provided in Alaska Stat. § 45.29.624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following sections:

(1)Alaska Stat. § 45.29.207(b)(4)(C), which deals with use and operation of the collateral by the secured party;

Terms Used In Alaska Statutes 45.29.602

  • 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
(2)Alaska Stat. § 45.29.210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;
(3)Alaska Stat. § 45.29.607(c), which deals with collection and enforcement of collateral;
(4)Alaska Stat. § 45.29.608(a) and 45.29.615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement, or disposition;
(5)Alaska Stat. § 45.29.608(a) and 45.29.615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;
(6)Alaska Stat. § 45.29.609 to the extent that it imposes on a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;
(7)Alaska Stat. § 45.29.610(b), 45.29.611, 45.29.613, and 45.29.614, which deal with disposition of collateral;
(8)Alaska Stat. § 45.29.615(f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;
(9)Alaska Stat. § 45.29.616, which deals with explanation of the calculation of a surplus or deficiency;
(10)Alaska Stat. § 45.29.620 – 45.29.622, which deal with acceptance of collateral in satisfaction of obligation;
(11)Alaska Stat. § 45.29.623, which deals with redemption of collateral;
(12)Alaska Stat. § 45.29.624, which deals with permissible waivers; and
(13)Alaska Stat. § 45.29.625 and 45.29.626, which deal with the secured party’s liability for failure to comply with this chapter.
  Previous section
Next section  
 Article 6 Contents