Alaska § 45.29.604 - Procedure if security agreement covers real property or fixtures.
Full text of Alaska Alaska Statutes § 45.29.604 — Procedure if security agreement covers real property or fixtures., with citation guidance and answers to common questions.
§ 45.29.604. Procedure if security agreement covers real property or fixtures.
(a) If a security agreement covers both personal and real property, a secured party may proceed (1) under AS 45.29.601 — 45.29.628 as to the personal property without prejudicing any rights with respect to the real property; or
(2) as to both the personal property and the real property in accordance with the rights with respect to the real property, in which case the other provisions of AS 45.29.601 — 45.29.628 do not apply.
(b) Subject to (c) of this section, if a security agreement covers goods that are or become fixtures, a secured party may proceed (1) under AS 45.29.601 — 45.29.628; or
(2) in accordance with the rights with respect to real property, in which case the other provisions of AS 45.29.601 — 45.29.628 do not apply.
(c) Subject to the other provisions of AS 45.29.601 — 45.29.628, if a secured party holding a security interest in fixtures has priority over all owners and encumbrancers of the real property, the secured party, after default, may remove the collateral from the real property.
(d) A secured party that removes collateral shall promptly reimburse an encumbrancer or owner of the real property, other than the debtor, for the cost of repair of physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for diminution in value of the real property caused by the absence of the goods removed or by the necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.29.604
What does Alaska Statutes § 45.29.604 cover?
Section 45.29.604 ("Procedure if security agreement covers real property or fixtures.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.29.604?
A common citation format is "Alaska Statutes § 45.29.604" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.29.604 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.