{"data":{"id":"us-ak/as-45.08.114","jurisdiction":"us-ak","citation":"AS 45.08.114","heading":"Evidentiary rules concerning certificated securities.","body":"The following rules apply in an action on a certificated security against the issuer:\n(1) unless specifically denied in the pleadings, each signature on a security certificate or in a necessary endorsement is admitted;\n(2) if the effectiveness of a signature is put in issue, the burden of establishing effectiveness is on the party claiming under the signature, but the signature is presumed to be genuine or authorized;\n(3) if signatures on a security certificate are admitted or established, production of the certificate entitles a holder to recover on it unless the defendant establishes a defense or a defect going to the validity of the security;\n(4) if it is shown that a defense or defect exists, the plaintiff has the burden of establishing that the plaintiff or some person under whom the plaintiff claims is a person against whom the defense or defect cannot be asserted.","path":["Title 45. Trade and Commerce.","Chapter 08. Investment Securities."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.08.114","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"671de68ec1d06226c212ed740b2c3142bb3dc79540c9b0c661910322a876c76e","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.08.113","next":"us-ak/as-45.08.115"},"notice":"GroundRules: Original legal text. Not legal advice."}