Alaska § 06.55.405 - Records.
Full text of Alaska Alaska Statutes § 06.55.405 — Records., with citation guidance and answers to common questions.
§ 06.55.405. Records.
(a) A money services licensee shall maintain the following records for determining its compliance with this chapter for at least three years: (1) a record of each payment instrument or stored-value obligation sold;
(2) a general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts;
(3) bank statements and bank reconciliation records;
(4) records of outstanding payment instruments and stored-value obligations;
(5) records of each payment instrument and stored-value obligation paid within the three-year period;
(6) a list of the last known names and addresses of all of the money services licensee's authorized delegates; and
(7) any other records the department reasonably requires by regulation.
(b) The items specified in (a) of this section may be maintained in any form of record.
(c) Records may be maintained outside this state if they are made accessible to the department on seven business days' notice that is sent in a record.
(d) All records maintained by the money services licensee as required in (a) — (c) of this section are open to inspection by the department under AS 06.55.401 .
Frequently Asked Questions About Alaska § 06.55.405
What does Alaska Statutes § 06.55.405 cover?
Section 06.55.405 ("Records.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 06.55.405?
A common citation format is "Alaska Statutes § 06.55.405" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 06.55.405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.