§ 45.14.501 Variation by agreement and effect of funds-transfer system rule
§ 45.14.502 Creditor process served on receiving bank; setoff by beneficiary’s bank
§ 45.14.503 Injunction or restraining order with respect to funds transfer
§ 45.14.504 Order in which items and payment orders may be charged to account; order of withdrawals from account
§ 45.14.505 Preclusion of objection to debit of customer’s account
§ 45.14.506 Rate of interest
§ 45.14.507 Choice of law

Terms Used In Alaska Statutes > Title 45 > Chapter 14 > Article 5 - Miscellaneous Provisions

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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
  • Service of process: The service of writs or summonses to the appropriate party.