Section 45.04.102. Applicability.

   (a) To the extent that items within this chapter are also within AS 45.03 and 45.08, they are subject to those chapters. If there is conflict, this chapter governs AS 45.03, but AS 45.08 governs this chapter.
   (b) The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located.  In the case of action or nonaction by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.

Authorities

45.01.301

Notes

References

AS 45.01.301 Territorial applicability; parties' power to choose applicable law.

History

(Sec. 4.102 ch 114 SLA 1962; am Sec. 79 ch 35 SLA 1993)