Alaska Statutes Title 45, Chapter 45.14, Article 03 - Execution of Sender's Payment Order by Receiving Bank

• Sec. 45.14.301 Execution and Execution Date.
  (a) A payment order is executed by the receiving bank when it issues a payment order intended to carry out the payment order received...
• Sec. 45.14.302 Obligations of Receiving Bank in Execution of Payment Order.
  (a) Except as provided in (b) - (d) of this section, if the receiving bank accepts a payment order under AS 45.14.209 (a), the...
• Sec. 45.14.303 Erroneous Execution of Payment Order.
  (a) If a receiving bank executes the payment order of the sender by issuing a payment order in an amount greater than the amount...
• Sec. 45.14.304 Duty of Sender to Report Erroneously Executed Payment Order.
  If the sender of a payment order that is erroneously executed as stated in AS 45.14.303 receives notification from the receiving bank that the...
• Sec. 45.14.305 Liability for Late or Improper Execution or Failure to Execute Payment Order.
  (a) If a funds transfer is completed but execution of a payment order by the receiving bank in breach of AS 45.14.302 results in...

Last modified: November 15, 2016