Escrow & Title
In Alaska, what is the purpose of a 'fixture filing' under Article 9 of the Uniform Commercial Code (UCC)?
ATo perfect a security interest in personal property that has become a fixture attached to real property✓ Correct
BTo record the location of all fixtures in a building for insurance purposes
CTo transfer ownership of fixtures from seller to buyer
DTo obtain a mechanic's lien for fixture installation
Explanation
A UCC Article 9 fixture filing perfects a creditor's security interest in goods that have become fixtures (attached to real property). It is filed in the real estate records and puts mortgage lenders and subsequent buyers on notice of the creditor's interest in the specific personal property/fixtures.
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