Alaska § 45.02.403 - Power to transfer; good faith purchase of goods; “entrusting.”
Full text of Alaska Alaska Statutes § 45.02.403 — Power to transfer; good faith purchase of goods; “entrusting.”, with citation guidance and answers to common questions.
§ 45.02.403. Power to transfer; good faith purchase of goods; “entrusting.”
(a) A purchaser of goods acquires all title that the transferor had or had power to transfer, except that a purchaser of a limited interest acquires rights only to the extent of the interest purchased. A person with voidable title has power to transfer a good title to a good faith purchaser for value. When goods have been delivered under a transaction of purchase, the purchaser has such power even though (1) the transferor was deceived as to the identity of the purchaser;
(2) the delivery was in exchange for a check that was later dishonored;
(3) it was agreed that the transaction was to be a “cash sale”; or
(4) the delivery was procured through fraud punishable as larcenous under the criminal law.
(b) An entrusting of possession of goods to a merchant who deals in goods of that kind gives the merchant power to transfer all rights of the entruster to a buyer in ordinary course of business.
(c) “Entrusting” includes a delivery and an acquiescence in retention of possession regardless of a condition expressed between the parties to the delivery or acquiescence and regardless of whether the procurement of the entrusting or the possessor's disposition of the goods is larcenous under the criminal law.
(d) The rights of other purchasers of goods and of lien creditors are governed by AS 45.07 and AS 45.29 .
Article 5. Performance.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.02.403
What does Alaska Statutes § 45.02.403 cover?
Section 45.02.403 ("Power to transfer; good faith purchase of goods; “entrusting.”") 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 § 45.02.403?
A common citation format is "Alaska Statutes § 45.02.403" (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 § 45.02.403 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.