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49 chapters · 1,198 sections in this title.
AS 45.04.105 “Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank.”
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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 trust company; (2) “collecting bank” means a bank handling an item for collection except the payor bank; (3) “depositary bank” m…
AS 45.04.106 Payable through or payable at bank; collecting bank.
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(a) If an item states that it is “payable through” a bank identified in the item, the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and the item may be presented for payment only by or through the bank. (b) If an item sta…
AS 45.04.107 Separate office of a bank.
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A branch or separate office of a bank is a separate bank for the purpose of computing the time within which and determining the place at or to which action may be taken or notices or orders must be given under this chapter and under AS 45.03.
AS 45.04.108 Time of receipt of items.
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(a) To allow time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of 2:00 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on the book…