Can you summarize AKST 45.04.401?
This legal document, found in the Alaska Statutes under Trade and Commerce, Bank Deposits and Collections, governs the relationship between a payor bank and its customer. According to this document, a bank has the authority to charge a customer’s account for an item that is properly payable from that account, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreement between the customer and the bank.
Can you summarize AKST 45.04.404?
A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, that is presented more than six months after its date, but it may charge its customer’s account for a payment made later in good faith. History History. ( 4.404 ch 114 SLA 1962)
Can you summarize AKST 45.05?
The provided legal document content covers various aspects of letters of credit, including the security interest of issuers or nominated persons, subrogation rights, liability of issuers, nominated persons, or advisers, assignment of proceeds, transfer of rights and obligations, transferability of a beneficiary’s right, remedies for wrongful dishonor or repudiation, warranties of the beneficiary, handling of fraud and forgery, rights and obligations of an issuer, roles and obligations of various parties, issuance, amendment, cancellation, and duration of letters of credit, variation of effect through agreements or provisions, definitions and principles of construction and interpretation, and the overall governance of letters of credit in trade and commerce.
Can you summarize AKST 45.14?
The provided legal document content pertains to the Alaska Statutes related to funds transfers. It governs the issue and acceptance of payment orders, liability of receiving banks, payment to the beneficiary, choice of law, and treatment of creditor process in funds transfers. The document provides definitions and terms used in the Alaska Statutes, including terms such as ‘authorized account’, ‘bank’, ‘customer’, ‘funds-transfer business day’, ‘funds-transfer system’, ‘prove’, and ‘burden of establishing’.
Can you summarize AKST 45.29.524?
Delay by the filing office beyond a time limit prescribed by AS 45.29.501 45.29.525 is excused if (1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and (2) the filing office exercises reasonable diligence under the circumstances. History History. ( 1 ch 113 SLA 2000)
Can you summarize AKST 45.48.010?
The provided legal document pertains to the disclosure of breach of security under the Alaska Statutes’ Trade and Commerce section, specifically the Personal Information Protection Act. It requires covered persons who own or license personal information on a state resident to disclose any breach of the security of the information system containing personal information to each affected state resident. The disclosure must be made in the most expeditious time possible and without unreasonable delay, except as provided in AS 45.
Can you summarize AKST 45.56 Article 3?
The provided legal document is part of the Alaska Securities Act and governs certain conduct in providing investment advice. It applies to persons who provide advice for compensation regarding the value of securities or the advisability of investing in, purchasing, or selling securities. The document prohibits employing fraudulent schemes or engaging in acts that operate as fraud or deceit. It also allows regulations to define fraudulent, deceptive, or manipulative acts and prescribe means to prevent such acts by investment advisers and representatives.
Can you summarize AKST 47.24.015?
This legal document, part of the Alaska Statutes under the section ‘Protection of Vulnerable Adults,’ outlines the actions to be taken upon receipt of a report regarding a vulnerable adult. The Department of Health and Social Services or its designee is required to promptly initiate an investigation to determine if the vulnerable adult is suffering from any form of harm or neglect. A face-to-face interview is conducted with the vulnerable adult, unless it would further endanger them.
Can you summarize AKST 47.24.120?
(a) A person who in good faith makes a report under AS 47.24.010 , regardless of whether the person is required to do so, is immune from civil or criminal liability that might otherwise be incurred or imposed for making the report. (b) An employer or supervisor of a person who in good faith makes a report under AS 47.24.010 may not discharge, demote, transfer, reduce pay or benefits or work privileges of, prepare a negative work performance evaluation of, or take other detrimental action against the person because the person made the report.
Can you summarize AKST 47.24.900?
This legal document governs the protection of vulnerable adults in Alaska. It defines various terms related to the abuse, neglect, exploitation, and abandonment of vulnerable adults. The document provides definitions for terms such as abandonment, abuse, caregiver, deception, decision making capacity, department, designee, exploitation, fiduciary duty, financial institution, incapacitated person, neglect, person who stands in a position of trust or confidence, police officer, protective services, public home care provider, self-neglect, supportive services, unable to consent, undue influence, and vulnerable adult.