Sec. 45.01.111. Short titles.
(a) AS 45.01 – AS 45.08, AS 45.12, AS 45.14, and AS 45.29 may be cited as the Uniform Commercial Code. (b) This chapter may be cited as the Uniform Commercial Code – General Provisions.
Sec. 45.01.112. Scope of chapter.
This chapter applies to a transaction to the extent that the transaction is governed by another chapter of the code.
Sec. 45.01.113. Construction of code to promote its purposes and policies; applicability of supplemental principles of law.
(a) The code shall be liberally construed and applied to promote the code’s underlying purposes and policies, which are to (1) simplify, clarify, and modernize the law governing commercial transactions; (2) permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and (3) make uniform the law among the various […]
Sec. 45.01.114. Construction against implied repeal.
The code being a general act intended as a unified coverage of its subject matter, no part of it may be considered to be impliedly repealed by subsequent legislation if that construction can reasonably be avoided.
Sec. 45.01.115. Severability.
If a provision or clause of the code or application of the clause or provision to a person or circumstances is held invalid, the invalidity does not affect other provisions or applications of the code that can be given effect without the invalid provision or application, and, to this end, the provisions of the code […]
Sec. 45.01.116. Use of singular and plural; gender.
In the code, the rules of construction in AS 01.10.050(b) and (c) apply, unless the statutory context otherwise requires.
Sec. 45.01.117. Section captions.
Notwithstanding AS 01.05.006 and 01.05.031(b)(2), section captions are part of the code.
Sec. 45.01.118. Relation to Electronic Signatures in Global and National Commerce Act.
The code modifies, limits, and supersedes 15 U.S.C. 7001 – 7031 (Electronic Signatures in Global and National Commerce Act) but does not modify, limit, or supersede 15 U.S.C. 7001(c) or authorize electronic delivery of a notice described in 15 U.S.C. 7003(b).