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AS 34.45.270

Burden of proof as to property evidenced by record of check, draft, or similar instrument

Known as the Uniform Unclaimed Property Act

The act spans §§ 34–34 (53 sections).

A record of the issuance of a check, draft, or similar instrument is prima facie evidence of an obligation. In claiming property from a holder who is also the issuer, the department's burden of proof as to the existence and amount of the property and its abandonment is satisfied by showing issuance of the instrument and passage of the requisite period of abandonment. Defenses of payment, satisfaction, discharge, and want of consideration are affirmative defenses that must be established by the holder.

Article 4. Reporting and Disposition of Personal Property.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.