Alaska Statutes Title 45, Chapter 45.04, Article 01 - General Provisions and Definitions

• Sec. 45.04.101 Short Title.
  This chapter may be cited as Uniform Commercial Code - Bank Deposits and Collections.
• Sec. 45.04.102 Applicability.
  (a) To the extent that items within this chapter are also within AS 45.03 and 45.08, they are subject to those chapters. If there...
• Sec. 45.04.103 Variation by Agreement; Measure of Damages; Certain Action Constituting Ordinary Care.
  (a) The effect of this chapter may be varied by agreement, but the parties to the agreement may not disclaim a bank's responsibility for...
• Sec. 45.04.104 Definitions and Index of Definitions.
  (a) In this chapter, unless the context otherwise requires,(1) "account" means a deposit or credit account with a bank, including a demand, time, savings,...
• Sec. 45.04.105 "Bank"; "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank.".
  In this chapter,(1) "bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or...
• Sec. 45.04.106 Payable Through or Payable At Bank; Collecting Bank.
  (a) If an item states that it is "payable through" a bank identified in the item, the item designates the bank as a collecting...
• Sec. 45.04.107 Separate Office of a Bank.
  A branch or separate office of a bank is a separate bank for the purpose of computing the time within which and determining the...
• Sec. 45.04.108 Time of Receipt of Items.
  (a) To allow time to process items, prove balances, and make the necessary entries on its books to determine its position for the day,...
• Sec. 45.04.109 Delays.
  (a) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other...
• Sec. 45.04.110 Electronic Presentment.
  (a) "Agreement for electronic presentment" means an agreement, clearinghouse rule, or Federal Reserve regulation or operating circular, providing that presentment of an item may...
• Sec. 45.04.111 Statute of Limitations.
  An action to enforce an obligation, duty, or right arising under this chapter must be commenced within three years after the cause of action

Last modified: November 15, 2016