Alaska Statutes Title 45, Chapter 45.04, Article 03 - Collection of Items: Payor Banks

• Sec. 45.04.301 Deferred Posting; Recovery of Payment by Return of Items; Time of Dishonor; Return of Items by Payor Bank.
  (a) If a payor bank settles for a demand item other than a documentary draft presented other than for immediate payment over the counter...
• Sec. 45.04.302 Payor Bank's Responsibility for Late Return of Item.
  (a) If an item is presented to and received by a payor bank, the bank is accountable for the amount of(1) a demand item,...
• Sec. 45.04.303 When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff; Order in Which Items May Be Charged or Certified.
  (a) Any knowledge, notice, or stop-payment order received by, legal process served upon, or setoff exercised by a payor bank is too late to...

Last modified: November 15, 2016