Alaska § 45.08.501 - Acquisition of security entitlement from securities intermediary; securities account.
Full text of Alaska Alaska Statutes § 45.08.501 — Acquisition of security entitlement from securities intermediary; securities account., with citation guidance and answers to common questions.
§ 45.08.501. Acquisition of security entitlement from securities intermediary; securities account.
(a) Except as otherwise provided in (b) and (c) of this section, a person acquires a security entitlement if a securities intermediary (1) indicates by book entry that a financial asset has been credited to the person's securities account;
(2) receives a financial asset from the person or acquires a financial asset for the person and, in either case, accepts the asset for credit to the person's securities account; or
(3) becomes obligated under another law, regulation, or rule to credit a financial asset to the person's securities account.
(b) If a condition of (a) of this section has been met, a person has a security entitlement even if the securities intermediary does not itself hold the financial asset.
(c) If a securities intermediary holds a financial asset for another person, and the financial asset is registered in the name of, payable to the order of, or specially endorsed to the other person, and has not been endorsed to the securities intermediary or in blank, the other person is treated as holding the financial asset directly rather than as having a security entitlement with respect to the financial asset.
(d) Issuance of a security is not establishment of a security entitlement.
(e) In this chapter, “securities account” means an account to which a financial asset is or may be credited in accordance with an agreement under which the person maintaining the account undertakes to treat the person for whom the account is maintained as entitled to exercise the rights that comprise the financial asset.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.08.501
What does Alaska Statutes § 45.08.501 cover?
Section 45.08.501 ("Acquisition of security entitlement from securities intermediary; securities account.") 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 § 45.08.501?
A common citation format is "Alaska Statutes § 45.08.501" (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 § 45.08.501 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.