Alaska Statutes > Title 45 > Chapter 4 > Article 1 – General Provisions and Definitions


§ 45.04.101	Short title
§ 45.04.102	Applicability
§ 45.04.103	Variation by agreement; measure of damages; certain action constituting ordinary care
§ 45.04.104	Definitions and index of definitions
§ 45.04.105	“Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank.”
§ 45.04.106	Payable through or payable at bank; collecting bank
§ 45.04.107	Separate office of a bank
§ 45.04.108	Time of receipt of items
§ 45.04.109	Delays
§ 45.04.110	Electronic presentment
§ 45.04.111	Statute of limitations

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Terms Used In Alaska Statutes > Title 45 > Chapter 4 > Article 1 - General Provisions and Definitions

account: means a deposit or credit account with a bank, including a demand, time, savings, passbook, share draft, or like account, other than an account evidenced by a certificate of deposit. See Alaska Statutes 45.04.104
action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
afternoon: means the period of a day between noon and midnight. See Alaska Statutes 45.04.104
banking day: means that part of a day on which a bank is open to the public for carrying on substantially all of its banking functions. See Alaska Statutes 45.04.104
clearinghouse: means an association of banks or other payors regularly clearing items. See Alaska Statutes 45.04.104
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
draft: means a draft as defined in Alaska Stat. See Alaska Statutes 45.04.104
drawee: means a person ordered in a draft to make payment. See Alaska Statutes 45.04.104
item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Alaska Statutes 45.04.104
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}