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AS 45.14.108

Relationship to federal law

Known as the Uniform Commercial Code

The act spans §§ 45–45 (615 sections).

(a) Except as provided in (b) of this section, this chapter does not apply to a funds transfer if a part of the funds transfer is governed by 15 U.S.C. 1693 — 1693r (Electronic Fund Transfer Act of 1978), as amended from time to time.

(b) This chapter applies to a funds transfer that is a remittance transfer as defined in 15 U.S.C. 1693o-1, as amended from time to time, unless the remittance transfer is an electronic fund transfer as defined in 15 U.S.C. 1693a, as amended from time to time.

(c) In a funds transfer to which this chapter applies, in the event of an inconsistency between an applicable provision of this chapter and an applicable provision of 15 U.S.C. 1693 — 1693r, the provision of 15 U.S.C. 1693 — 1693r governs to the extent of the inconsistency.

Article 2. Issue and Acceptance of Payment Order.

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