Alaska § 45.29.405 - Modification of assigned contract.
Full text of Alaska Alaska Statutes § 45.29.405 — Modification of assigned contract., with citation guidance and answers to common questions.
§ 45.29.405. Modification of assigned contract.
(a) A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This subsection is subject to (b) — (d) of this section.
(b) The provisions of (a) of this section apply to the extent that the right to payment or the right to partial payment (1) under an assigned contract has not been fully earned by performance; or
(2) has been fully earned by performance and the account debtor has not received notification of the assignment under AS 45.29.406 (a).
(c) This section is subject to law other than this chapter that establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.
(d) This section does not apply to an assignment of a health care insurance receivable.
Frequently Asked Questions About Alaska § 45.29.405
What does Alaska Statutes § 45.29.405 cover?
Section 45.29.405 ("Modification of assigned contract.") 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 § 45.29.405?
A common citation format is "Alaska Statutes § 45.29.405" (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 § 45.29.405 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.