Alaska § 45.14.212 - Liability and duty of receiving bank regarding unaccepted payment order.
Full text of Alaska Alaska Statutes § 45.14.212 — Liability and duty of receiving bank regarding unaccepted payment order., with citation guidance and answers to common questions.
§ 45.14.212. Liability and duty of receiving bank regarding unaccepted payment order.
If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach of the agreement to the extent provided in the agreement or in this chapter, but does not otherwise have a duty to accept a payment order or, before acceptance, to take action, or refrain from taking action, with respect to the order except as provided in this chapter or by express agreement. Liability based on acceptance arises only when acceptance occurs as stated in AS 45.14.209 , and liability is limited to liability provided in this chapter. A receiving bank is not the agent of the sender or beneficiary of the payment order it accepts, or of another party to the funds transfer, and the bank does not owe a duty to a party to the funds transfer except as provided in this chapter or by express agreement.
Article 3. Execution of Sender's Payment Order by Receiving Bank.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.14.212
What does Alaska Statutes § 45.14.212 cover?
Section 45.14.212 ("Liability and duty of receiving bank regarding unaccepted payment order.") 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 § 45.14.212?
A common citation format is "Alaska Statutes § 45.14.212" (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 § 45.14.212 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.