Alaska Statutes Title 45, Chapter 45.14, Article 04 - Payment

• Sec. 45.14.401 Payment Date.
  "Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's...
• Sec. 45.14.402 Obligation of Sender to Pay Receiving Bank.
  (a) This section is subject to AS 45.14.205 and 45.14.207.(b) With respect to a payment order issued to the beneficiary's bank, acceptance of the...
• Sec. 45.14.403 Payment by Sender to Receiving Bank.
  (a) Payment of the sender's obligation under AS 45.14.402 to pay the receiving bank occurs as follows:(1) if the sender is a bank, payment...
• Sec. 45.14.404 Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary.
  (a) Subject to AS 45.14.211 (f) and 45.14.405(d) and (e), if a beneficiary's bank accepts a payment order, the bank is obliged to pay...
• Sec. 45.14.405 Payment by Beneficiary's Bank to Beneficiary.
  (a) If the beneficiary's bank credits an account of the beneficiary of a payment order, payment of the bank's obligation under AS 45.14.404 (a)...
• Sec. 45.14.406 Payment by Originator to Beneficiary; Discharge of Underlying Obligation.
  (a) Subject to AS 45.14.211 (f) and 45.14.405(d) and (e), the originator of a funds transfer pays the beneficiary of the originator's payment order(1)...

Last modified: November 15, 2016