Alaska Statutes Title 45, Chapter 45.03, Article 01 - Short Title, Form, and Interpretation

• Sec. 45.03.101 Short Title.
  This chapter may be cited as the Uniform Commercial Code - Negotiable Instruments.
• Sec. 45.03.102 Subject Matter.
  (a) This chapter applies to negotiable instruments. It does not apply to money or to securities governed by AS 45.08.(b) If there is conflict...
• Sec. 45.03.103 Definitions.
  (a) In this chapter,(1) "acceptor" means a drawee who has accepted a draft;(2) "drawee" means a person ordered in a draft to make payment;(3)...
• Sec. 45.03.104 Negotiable Instrument.
  (a) Except as provided in (c) - (d) of this section, "negotiable instrument" means an unconditional promise or order to pay a fixed amount...
• Sec. 45.03.105 Issue of Instrument.
  (a) "Issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of...
• Sec. 45.03.106 Unconditional Promise or Order.
  (a) Except as provided in this section, for the purposes of AS 45.03.104(a), a promise or order is unconditional unless it states an express...
• Sec. 45.03.107 Instrument Payable in Foreign Money.
  Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in...
• Sec. 45.03.108 Payable on Demand or At Definite Time.
  (a) A promise or order is payable on demand if it(1) states that it is payable on demand or at sight, or otherwise indicates...
• Sec. 45.03.109 Payable to Bearer or to Order.
  (a) A promise or order is payable to bearer if it(1) states that it is payable to bearer or to the order of bearer...
• Sec. 45.03.110 Identification of Person to Whom Instrument is Payable.
  (a) The person to whom an instrument is initially payable is determined by the intent of the person, whether or not authorized, signing as,...
• Sec. 45.03.111 Place of Payment.
  Except as otherwise provided for items in AS 45.04, an instrument is payable at the place of payment stated in the instrument. If no...
• Sec. 45.03.112 Interest.
  (a) Unless otherwise provided in the instrument, an instrument is not payable with interest, and interest on an interest-bearing instrument is payable from the...
• Sec. 45.03.113 Date of Instrument.
  (a) An instrument may be antedated or postdated. The date stated determines the time of payment if the instrument is payable at a fixed...
• Sec. 45.03.114 Contradictory Terms of Instrument.
  If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over numbers.
• Sec. 45.03.115 Incomplete Instrument.
  (a) "Incomplete instrument" means a signed writing, whether or not issued by the signer, the contents of which show at the time of signing...
• Sec. 45.03.116 Joint and Several Liability; Contribution.
  (a) Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as makers, drawers, acceptors,...
• Sec. 45.03.117 Other Agreements Affecting Instrument.
  Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the...
• Sec. 45.03.118 Statute of Limitations.
  (a) Except as provided in (e) of this section, an action to enforce the obligation of a party to pay a note payable at...
• Sec. 45.03.119 Notice of Right to Defend Action.
  In an action for breach of an obligation for which a third person is answerable over under this chapter or AS 45.04, the defendant...
• Sec. 45.03.120 - 45.03.122. Instruments Payable Through Bank; Instruments Payable At Bank; Accrual of Cause of Action. [Repealed, Sec. 127 Ch 35 Sla 1993].
  Repealed or Renumbered

Last modified: November 15, 2016