§ 45.04.501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 45.04.502 Presentment of “on arrival” drafts
§ 45.04.503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 45.04.504 Privilege of presenting bank to deal with goods; security interest for expenses
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Terms Used In Alaska Statutes > Title 45 > Chapter 4 > Article 5 - Collection of Documentary Drafts

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • customer: means a person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank. See Alaska Statutes 45.04.104
  • documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities under Alaska Stat. See Alaska Statutes 45.04.104
  • 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
  • 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.