(a) Except as otherwise provided in (b) of this section, for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is considered to have rights and title to the goods identical to those the consignor had or had power to transfer.
(b) For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights and title of a consignee while goods are in the consignee's possession if, under AS 45.29.301 - 45.29.342, a perfected security interest held by the consignor would have priority over the rights of the creditor.
Section: Previous 45.29.312 45.29.313 45.29.314 45.29.315 45.29.316 45.29.317 45.29.318 45.29.319 45.29.320 45.29.321 45.29.322 45.29.323 45.29.324 45.29.325 45.29.326 NextLast modified: November 15, 2016