Alaska Supreme Court December 15, 1995, Supreme Court S-6254 (K & L Distributors, Inc. v. Kelly Electric, Inc.)

RABINOWITZ, Justice.

This appeal requires us to determine whether a real estate lender has a security interest in fixtures annexed to the mortgaged property as a result of a previously recorded deed of trust. Presuming such an interest exists we must also determine whether it survives severance of the fixtures from the real property.

I.

FACTS & PROCEEDINGS

K & L Distributors, Inc.