SB252 is a bill in the Alaska Legislature (34th Legislature): UCC: SECURED TRANS.; ELECTRONIC RECORDS.

What is the status of SB252?

Chaptered as of July 2, 2026. Latest action: (S) EFFECTIVE DATE(S) OF LAW 9/30/26 (July 16, 2026).

Where is the official record for SB252?

On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=SB 252

Alaska SB252: UCC: SECURED TRANS.; ELECTRONIC RECORDS

Q: What does SB252 do?

In its own words: An act in addition to the payment of money, but the promise or order may contain -11- Enrolled SB (A) an undertaking or power to give, maintain, or protect collateral to secure payment; (B) [,] an authorization or power to the holder to confess judgment or realize on or dispose of collateral; (C) [, OR] a waiver of the benefit of a law intended for the advantage or protection of an obligor; (D) a term that specifies the law that governs the promise or order; or (E) an undertaking to resolve in a specified forum a dispute concerning the promise or order. * Sec. 38. AS 45.03.105(a) is amended to.

Status: Chaptered, July 2, 2026

An Act relating to the Uniform Commercial Code; relating to secured transactions; relating to controllable accounts, controllable electronic records, and controllable payment intangibles; relating to sales; relating to negotiable instruments; relating to letters of credit; relating to warehouse receipts, bills of lading, and other documents of title; relating to investment securities; relating to leases of goods; and relating to fund transfers.

What the bill says

An act in addition to the payment of money, but the promise or order may contain -11- Enrolled SB (A) an undertaking or power to give, maintain, or protect collateral to secure payment; (B) [,] an authorization or power to the holder to confess judgment or realize on or dispose of collateral; (C) [, OR] a waiver of the benefit of a law intended for the advantage or protection of an obligor; (D) a term that specifies the law that governs the promise or order; or (E) an undertaking to resolve in a specified forum a dispute concerning the promise or order. * Sec. 38. AS 45.03.105(a) is amended to.

From the introduced text:

an act in addition to the payment of money, but the promise or order may contain -11- Enrolled SB (A) an undertaking or power to give, maintain, or protect collateral to secure payment; (B) [,] an authorization or power to the holder to confess judgment or realize on or dispose of collateral; (C) [, OR] a waiver of the benefit of a law intended for the advantage or protection of an obligor; (D) a term that specifies the law that governs the promise or order; or (E) an undertaking to resolve in a specified forum a dispute concerning the promise or order. * Sec. 38. AS 45.03.105(a) is amended to read: (a) "Issue" means (1) the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person; or (2) if agreed by the payee, the first transmission by the drawer to the payee of an image of an item and information derived from the item that enables the depositary bank to collect the item by transferring or presenting under federal law an electronic check. * Sec. 39. AS 45.03.604 is amended by adding a new subsection to read: (c) The obligation of a party to pay a check is not discharged solely by …

Alaska SB252: UCC: SECURED TRANS.; ELECTRONIC RECORDS

What the bill says

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