- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 4. Bank Deposits and Collections
- Section 403. Customer's Right to Stop Payment; Burden of Proof of Loss.
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. Bank Not Obligated to Pay Check More Than Six Months Old.
AS 45.04.403. Customer's Right to Stop Payment; Burden of Proof of Loss.
- (a) A customer, or any person authorized to draw on the account if there is more than one person, may stop payment of any
item drawn on the customer's account or close the account by an order to the bank describing the item or account with
reasonable certainty, received at a time and in a manner that affords the bank a reasonable opportunity to act on it
before any action by the bank with respect to the item described in AS 45.04.303
. If the signature of more than one person is required to draw on an account, any of these persons may stop payment or
close the account.
- (b) A stop-payment order is effective for six months, but it lapses after 14 calendar days if the original order was oral
and was not confirmed in writing within that period. A stop-payment order may be renewed for additional six-month
periods by a writing given to the bank within a period during which the stop-payment order is effective.
- (c) The burden of establishing the fact and amount of loss resulting from the payment of an item contrary to a
stop-payment order or order to close an account is on the customer. The loss from payment of an item contrary to a
stop-payment order may include damages for dishonor of subsequent items under AS 45.04.402
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