Gutterman v. First National Bank of Anchorage

OPINION

RABINOWITZ, Chief Justice.

The First National Bank of Anchorage obtained a default judgment against Michael Gutterman. That judgment provided that three paintings owned by Gutterman, then in the possession of an art dealer, were to be delivered to the custody of the clerk of the superior court and sold at an execution sale, with the proceeds to be applied toward satisfaction of the judgment.

Prior to the execution sale, Gutterman notified the court of his claim, under AS 09.35.080(a)(2), of an exemption from execution in the paintings in the amount of $300. The sale of the paintings was…