Alaska Statutes Title 45, Chapter 45.08, Article 01 - Short Title and General Matters

• Sec. 45.08.101 Short Title.
  This chapter may be cited as Uniform Commercial Code - Investment Securities.
• Sec. 45.08.102 Definitions.
  (a) In this chapter,(1) "adverse claim" means a claim that a claimant has a property interest in a financial asset and that it is...
• Sec. 45.08.103 Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets.
  (a) A share or similar equity interest issued by a corporation, business trust, joint stock company, or similar entity is a security.(b) An investment...
• Sec. 45.08.104 Acquisition of Security or Financial Asset or Interest in Security or Financial Asset.
  (a) A person acquires a security or an interest in a security under this chapter if the person(1) is a purchaser to whom a...
• Sec. 45.08.105 Notice of Adverse Claim.
  (a) A person has notice of an adverse claim if(1) the person knows of the adverse claim;(2) the person is aware of facts sufficient...
• Sec. 45.08.106 Control.
  (a) A purchaser has control of a certificated security in bearer form if the certificated security is delivered to the purchaser.(b) A purchaser has...
• Sec. 45.08.107 Whether Endorsement, Instruction, or Entitlement Order is Effective.
  (a) An endorsement, instruction, or entitlement order is effective if(1) it is made by the appropriate person;(2) it is made by a person who...
• Sec. 45.08.108 Warranties in Direct Holding.
  (a) A person who transfers a certificated security to a purchaser for value warrants to the purchaser, and an endorser, if the transfer is...
• Sec. 45.08.109 Warranties in Indirect Holding.
  (a) A person who originates an entitlement order to a securities intermediary warrants to the securities intermediary that(1) the entitlement order is made by...
• Sec. 45.08.110 Applicability; Choice of Law.
  (a) The local law of the issuer's jurisdiction, as specified in (f) of this section, governs(1) the validity of a security;(2) the rights and...
• Sec. 45.08.111 Clearing Corporation Rules.
  A rule adopted by a clearing corporation governing rights and obligations among the clearing corporation and its participants in the clearing corporation is effective...
• Sec. 45.08.112 Creditor's Legal Process.
  (a) The interest of a debtor in a certificated security may be reached by a creditor only by actual seizure of the security certificate...
• Sec. 45.08.113 Statute of Frauds Inapplicable.
  A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing...
• Sec. 45.08.114 Evidentiary Rules Concerning Certificated Securities.
  The following rules apply in an action on a certificated security against the issuer:(1) unless specifically denied in the pleadings, each signature on a...
• Sec. 45.08.115 Securities Intermediary and Others Not Liable to Adverse Claimant.
  A securities intermediary that has transferred a financial asset under an effective entitlement order, or a broker or other agent or bailee that has...
• Sec. 45.08.116 Securities Intermediary As Purchaser for Value.
  A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is...

Last modified: November 15, 2016