{"data":{"id":"us-ak/as-45.14.104","jurisdiction":"us-ak","citation":"AS 45.14.104","heading":"Funds transfer; definitions.","body":"In this chapter,\n(1) “funds transfer” means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order; the term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order; a funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order;\n(2) “intermediary bank” means a receiving bank other than the originator's bank or the beneficiary's bank;\n(3) “originator” means the sender of the first payment order in a funds transfer;\n(4) “originator's bank” means\n(A) the receiving bank to which the payment order of the originator is issued if the originator is not a bank; or\n(B) the originator if the originator is a bank.","path":["Title 45. Trade and Commerce.","Chapter 14. Funds Transfers."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.14.104","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"2146334c7e1c33c6e254c6bb76f352a2b17933c42605a1f172542383e96cedb9","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.14.103","next":"us-ak/as-45.14.105"},"notice":"GroundRules: Original legal text. Not legal advice."}