Franklin P. and Nona Coady - Page 6

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               liens but tax liens, and no person shall be at liberty                 
               to satisfy said suit, judgment or decree, until the                    
               lien or claim of the attorney for his fees is fully                    
               satisfied; and attorneys at law shall have the same                    
               right and power over said suits, judgments and decrees,                
               to enforce their liens, as their clients had or may                    
               have for the amount due thereon to them.  [Id. at 125                  
               n.5 (quoting 46 Ala. Code sec. 64 (1940); quotation                    
               marks omitted).]                                                       
               We disagree with petitioners that Cotnam v. Commissioner,              
          supra, controls the Court's decision herein.  In our case, the              
          relevant section 34-35-430 of the Alaska Code, i.e., the statute            
          that is applicable here, provides as follows:                               
                    Sec. 34-35-430. Attorney's lien. (a) An attorney has              
               a lien for compensation, whether specially agreed upon or              
               implied, as provided in this section                                   
                    (1) first, upon the papers of the client that have                
               come into the possession of the attorney in the course                 
               of the professional employment;                                        
                    (2) second, upon money in the possession of the                   
               attorney belonging to the client;                                      
                    (3) third, upon money in the possession of the                    
               adverse party in an action or proceeding in which the                  
               attorney is employed, from the giving of notice of the                 
               lien to that party;                                                    
                    (4) fourth, upon a judgment to the extent of the                  
               costs included in the judgment or, if there is a                       
               special agreement, to the extent of the compensation                   
               specially agreed on, from the giving of notice of the                  
               lien to the party against whom the judgment is given                   
               and filing the original with the clerk where the                       
               judgment is entered and docketed.                                      
                    (b) This lien is, however, subordinate to the                     
               rights existing between the parties to the action or                   
               proceeding.  [Alaska Stat. sec. 34-35-430 (Michie                      
               1996).]                                                                
          This provision stands in marked contrast to the provision of the            
          Alabama Code relied upon by the Court of Appeals for the Fifth              
          Circuit in the Cotnam case.  Although both provisions give an               





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