00                             SENATE BILL NO. 300                                                                         
01 "An Act relating to an attorney's lien, to court actions, and to other proceedings where                                
02 attorneys are employed."                                                                                                
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 34.35.430(b) is amended to read:                                                                  
05            (b)  The [THIS] lien described in (a) of this section is superior to all                         
06       subsequent liens except tax liens.  The lien is a charge on the action, and the                               
07       parties to the action may not extinguish or affect the attorney's lien by any                                 
08       means, including settlement, other than by satisfying the underlying claim of the                             
09       attorney for the fees and costs incurred in connection with the action [,                                     
10       HOWEVER, SUBORDINATE TO THE RIGHTS EXISTING BETWEEN THE                                                           
11       PARTIES TO THE ACTION OR PROCEEDING].                                                                             
12    * Sec. 2.  The uncodified law of the State of Alaska is amended by adding a new section to                         
13 read:                                                                                                                   
14       APPLICATION.  AS 34.35.430(b), as amended by sec. 1 of this Act, applies to an                                    
01 attorney's lien served and filed in a court action or other proceeding on or after the effective                        
02 date of this Act.