(a) A secured party who desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to
(1) any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral;
(2) any other secured party or lienholder who, 10 days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that
(A) identified the collateral;
(B) was indexed under the debtor's name as of that date; and
(C) was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date; and
(3) any other secured party who, 10 days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation, or treaty described in AS 45.29.311(a).
(b) A secured party who desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in (a) of this section.
Section: Previous 45.29.614 45.29.615 45.29.616 45.29.617 45.29.618 45.29.619 45.29.620 45.29.621 45.29.622 45.29.623 45.29.624 45.29.625 45.29.626 45.29.627 45.29.628 NextLast modified: November 15, 2016