- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 3. Negotiable Instruments
- Section 201. Negotiation.
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. - 45.03.122. Instruments Payable Through Bank; Instruments Payable at Bank; Accrual of Cause of Action. [Repealed, Sec. 127 Ch 35 SLA 1993].
next: Section 202
. Negotiation Subject to Rescission.
AS 45.03.201. Negotiation.
- (a) "Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other
than the issuer to a person who thereby becomes the holder of the instrument.
- (b) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires
transfer of possession of the instrument and its endorsement by the holder. If an instrument is payable to bearer, the
instrument may be negotiated by transfer of possession alone.
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