Alaska § 45.08.203 - Staleness as notice of defects or defenses.
Full text of Alaska Alaska Statutes § 45.08.203 — Staleness as notice of defects or defenses., with citation guidance and answers to common questions.
§ 45.08.203. Staleness as notice of defects or defenses.
(a) After an act or event, other than a call that has been revoked, creating a right to immediate performance of the principal obligation represented by a certificated security or setting a date on or after which the security is to be presented or surrendered for redemption or exchange, a purchaser is charged with notice of any defect in the security's issue or defense of the issuer, if the act or event (1) requires the payment of money, the delivery of certificated securities, the registration of transfer of uncertificated securities, or any of these on presentation or surrender of the security certificate, the money or securities are available on the date set for payment or exchange, and the purchaser takes the security more than one year after that date; or
(2) is not covered by (1) of this subsection and the purchaser takes the security more than two years after the date set for surrender or presentation or the date on which performance became due.
(b) [Repealed, § 68 ch 17 SLA 1996.]
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.08.203
What does Alaska Statutes § 45.08.203 cover?
Section 45.08.203 ("Staleness as notice of defects or defenses.") 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 § 45.08.203?
A common citation format is "Alaska Statutes § 45.08.203" (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 § 45.08.203 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.