Alaska § 45.03.411 - Refusal to pay cashier's checks, teller's checks, and certified checks.
Full text of Alaska Alaska Statutes § 45.03.411 — Refusal to pay cashier's checks, teller's checks, and certified checks., with citation guidance and answers to common questions.
§ 45.03.411. Refusal to pay cashier's checks, teller's checks, and certified checks.
(a) If the obligated bank wrongfully refuses to pay a cashier's check or certified check, stops payment of a teller's check, or refuses to pay a dishonored teller's check, the person asserting the right to enforce the check is entitled to compensation for expenses and loss of interest resulting from the nonpayment and may recover consequential damages if the obligated bank refuses to pay after receiving notice of particular circumstances giving rise to the damages.
(b) Expenses or consequential damages under (a) of this section are not recoverable if (1) the refusal of the obligated bank to pay occurs because the bank suspends payments;
(2) the obligated bank asserts a claim or defense of the bank that it has reasonable grounds to believe is available against the person entitled to enforce the instrument;
(3) the obligated bank has a reasonable doubt whether the person demanding payment is the person entitled to enforce the instrument; or
(4) payment is prohibited by law.
(c) In this section, “obligated bank” means the acceptor of a certified check or the issuer of a cashier's check or teller's check bought from the issuer.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.03.411
What does Alaska Statutes § 45.03.411 cover?
Section 45.03.411 ("Refusal to pay cashier's checks, teller's checks, and certified checks.") 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 § 45.03.411?
A common citation format is "Alaska Statutes § 45.03.411" (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 § 45.03.411 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.