Alaska Statutes Title 45, Chapter 45.08, Article 05 - Security Entitlements

• Sec. 45.08.501 Acquisition of Security Entitlement From Securities Intermediary; Securities Account.
  (a) Except as otherwise provided in (b) and (c) of this section, a person acquires a security entitlement if a securities intermediary(1) indicates by...
• Sec. 45.08.502 Assertion of Adverse Claim Against Entitlement Holder.
  An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may...
• Sec. 45.08.503 Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary.
  (a) To the extent necessary for a securities intermediary to satisfy all security entitlements with respect to a particular financial asset, all interests in...
• Sec. 45.08.504 Duty of Securities Intermediary to Maintain Financial Asset.
  (a) A securities intermediary shall promptly obtain and maintain a financial asset in a quantity corresponding to the aggregate of all security entitlements the...
• Sec. 45.08.505 Duty of Securities Intermediary With Respect to Payments and Distributions.
  (a) A securities intermediary shall take action to obtain a payment or distribution made by the issuer of a financial asset. A securities intermediary...
• Sec. 45.08.506 Duty of Securities Intermediary to Exercise Rights As Directed by Entitlement Holder.
  A securities intermediary shall exercise rights with respect to a financial asset if directed by an entitlement holder to exercise the rights. A securities...
• Sec. 45.08.507 Duty of Securities Intermediary to Comply With Entitlement Order.
  (a) A securities intermediary shall comply with an entitlement order if the entitlement order is originated by the appropriate person, the securities intermediary has...
• Sec. 45.08.508 Duty of Securities Intermediary to Change Entitlement Holder's Position to Other Form of Security Holding.
  A securities intermediary shall act at the direction of an entitlement holder to change a security entitlement into another available form of holding for...
• Sec. 45.08.509 Specification of Duties of Securities Intermediary by Other Statute, Regulation, or Rule; Manner of Performance of Duties of Securities Intermediary and Exercise of Rights of Entitlement Holder.
  (a) If the substance of a duty imposed upon a securities intermediary by AS 45.08.504 - 45.08.508 is the subject of other statute, regulation,...
• Sec. 45.08.510 Rights of Purchaser of Security Entitlement From Entitlement Holder.
  (a) In a case not covered by the priority rules in AS 45.29 or the rules stated in (c) of this section, an action...
• Sec. 45.08.511 Priority Among Security Interests and Entitlement Holders.
  (a) Except as otherwise provided in (b) and (c) of this section, if a securities intermediary does not have sufficient interests in a particular...

Last modified: November 15, 2016