Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.05. ALASKA BANKING CODE. |
Article 06.05.02. BANKING PRACTICES. |
Section 06.05.095. Payment of items.
Latest version.
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If the balance in an account subject to withdrawal by or upon the order of a depositor is insufficient to pay an item presented for payment, a bank may select from the items that in the aggregate exceed the balance the items to be paid in the order convenient to the bank.
Notes
History
(Sec. 3.102 ch 129 SLA 1951; am Sec. 7 ch 85 SLA 1988)