This bill amends various sections of the Alaska Uniform Commercial Code (UCC) to modernize and clarify provisions related to secured transactions, negotiable instruments, and commercial practices. Key changes include the addition of AS 45.36, which expands the UCC to cover controllable accounts, electronic records, and payment intangibles. The bill updates definitions for terms such as "money," "person," and "holder," aligning them with contemporary commercial practices. It also addresses fraudulent transfers, particularly in child support contexts, and clarifies that pledges related to bonds do not require recording under the UCC to be effective.

Further amendments focus on the definitions and requirements for contracts involving the sale of goods, leases, and hybrid transactions, introducing a new definition for "hybrid transaction." The bill modifies the enforceability of contracts for sales priced at $500 or more, allowing a "record" to suffice instead of a "writing." It also updates terminology from "writing" to "record" in lease contracts and payment orders, clarifying obligations for merchants and secured parties. Overall, the bill aims to streamline the legal framework governing commercial transactions in Alaska, ensuring it is adaptable to current business practices, particularly in electronic commerce and secured transactions.

Statutes affected:
SB0252A, AM SB 252, introduced 02/18/2026: 09.25.060, 09.25.090, 09.80.190, 14.42.220, 14.42.250, 25.27.279, 28.10.491, 11.81.900, 28.10.021, 29.35.625, 29.35.825, 36.30.860, 44.83.100, 44.83.120, 44.85.140, 44.88.090, 45.01.111, 45.01.211, 45.07.116, 45.01.214, 45.01.301, 45.02.402, 45.04.102, 45.05.116, 45.08.110, 45.12.105, 45.12.106, 45.14.507, 45.29.301, 45.29.307, 45.36.107, 45.01.306, 45.02.102, 45.02.106, 45.02.201, 45.02.202, 45.01.303, 45.02.203, 45.02.205, 45.02.209, 45.03.104, 45.03.105, 45.03.604, 45.05.104, 45.05.108, 45.08.102, 45.08.107, 45.08.106, 45.29.102, 45.36.102, 45.08.301, 45.08.103, 45.08.201, 45.08.210, 45.08.303, 45.08.501, 45.12.102, 45.12.209, 45.12.407, 45.12.103, 45.12.107, 45.12.201, 45.12.202, 45.12.203, 45.12.205, 45.12.208, 45.14.103, 45.14.201, 45.14.202, 45.14.203, 45.14.207, 45.14.208, 45.14.302, 45.14.210, 45.14.211, 45.14.305, 45.29.620, 45.29.622, 45.36.105, 45.29.111, 45.29.104, 45.29.105, 45.29.113, 45.29.203, 45.29.313, 45.29.106, 45.29.107, 45.29.112, 45.29.345, 45.29.204, 45.29.315, 45.29.336, 45.29.207, 45.29.208, 45.29.209, 45.29.406, 45.36.106, 45.29.210, 45.29.303, 45.29.306, 45.29.344, 45.29.304, 45.29.346, 45.29.342, 45.29.305, 45.29.310, 45.29.308, 45.29.309, 45.29.311, 45.29.312, 45.29.314, 45.29.316, 45.29.343, 45.29.317, 45.29.319, 45.29.322, 45.04.210, 45.05.118, 45.29.110, 45.29.323, 45.29.324, 45.29.330, 45.29.327, 45.29.326, 45.29.331, 45.29.332, 45.29.334, 45.29.335, 45.29.341, 45.29.340, 45.29.404, 45.29.407, 45.12.303, 45.29.408, 45.29.509, 45.29.513, 45.29.601, 45.29.605, 45.29.608, 45.29.607, 45.29.611, 45.29.610, 45.29.613, 45.29.614, 45.29.623, 45.29.615, 45.29.616, 45.29.619, 45.29.621, 45.29.624, 45.29.628, 45.29.705, 45.09.103, 45.29.707, 45.29.706, U.S.C, 09.80.130, 45.03.303, 45.36.103, 45.36.104, 45.36.201, 45.36.209, 45.36.202, 45.36.203, 45.36.204, 45.36.205, 45.36.206, 45.36.207, 45.36.208, 45.50.541, 45.63.030, 45.63.020, 45.66.230
SB0252Z, AM Enrolled SB 252, introduced 05/20/2026: 09.25.060, 09.25.090, 09.80.190, 14.42.220, 14.42.250, 25.27.279, 28.10.491, 11.81.900, 28.10.021, 29.35.625, 29.35.825, 36.30.860, 44.83.100, 44.83.120, 44.85.140, 44.88.090, 45.01.111, 45.01.211, 45.07.116, 45.01.214, 45.01.301, 45.02.402, 45.04.102, 45.05.116, 45.08.110, 45.12.105, 45.12.106, 45.14.507, 45.29.301, 45.29.307, 45.36.107, 45.01.306, 45.02.102, 45.02.106, 45.02.201, 45.02.202, 45.01.303, 45.02.203, 45.02.205, 45.02.209, 45.03.104, 45.03.105, 45.03.604, 45.05.104, 45.05.108, 45.08.102, 45.08.107, 45.08.106, 45.29.102, 45.36.102, 45.08.301, 45.08.103, 45.08.201, 45.08.210, 45.08.303, 45.08.501, 45.12.102, 45.12.209, 45.12.407, 45.12.103, 45.12.107, 45.12.201, 45.12.202, 45.12.203, 45.12.205, 45.12.208, 45.14.103, 45.14.201, 45.14.202, 45.14.203, 45.14.207, 45.14.208, 45.14.302, 45.14.210, 45.14.211, 45.14.305, 45.29.620, 45.29.622, 45.36.105, 45.29.111, 45.29.104, 45.29.105, 45.29.113, 45.29.203, 45.29.313, 45.29.106, 45.29.107, 45.29.112, 45.29.345, 45.29.204, 45.29.315, 45.29.336, 45.29.207, 45.29.208, 45.29.209, 45.29.406, 45.36.106, 45.29.210, 45.29.303, 45.29.306, 45.29.344, 45.29.304, 45.29.346, 45.29.342, 45.29.305, 45.29.310, 45.29.308, 45.29.309, 45.29.311, 45.29.312, 45.29.314, 45.29.316, 45.29.343, 45.29.317, 45.29.319, 45.29.322, 45.04.210, 45.05.118, 45.29.110, 45.29.323, 45.29.324, 45.29.330, 45.29.327, 45.29.326, 45.29.331, 45.29.332, 45.29.334, 45.29.335, 45.29.341, 45.29.340, 45.29.404, 45.29.407, 45.12.303, 45.29.408, 45.29.509, 45.29.513, 45.29.601, 45.29.605, 45.29.608, 45.29.607, 45.29.611, 45.29.610, 45.29.613, 45.29.614, 45.29.623, 45.29.615, 45.29.616, 45.29.619, 45.29.621, 45.29.624, 45.29.628, 45.29.705, 45.09.103, 45.29.707, 45.29.706, U.S.C, 09.80.130, 45.03.303, 45.36.103, 45.36.104, 45.36.201, 45.36.209, 45.36.202, 45.36.203, 45.36.204, 45.36.205, 45.36.206, 45.36.207, 45.36.208, 45.50.541, 45.63.030, 45.63.020, 45.66.230