# Alaska Stat. § 45.08.107: Whether endorsement, instruction, or entitlement order is effective

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.107

## Section

- **Citation:** Alaska Stat. § 45.08.107
- **Heading:** Whether endorsement, instruction, or entitlement order is effective
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 45 / Chapter 45.08 / Section 45.08.107

## Text

(a) An endorsement, instruction, or entitlement order is effective if (1) it is made by the appropriate person;

(2) it is made by a person who has power under the law of agency to transfer the security or financial asset on behalf of the appropriate person, including, in the case of an instruction or entitlement order, a person who has control under AS 45.08.106 (c)(2) or (d)(2); or

(3) the appropriate person has ratified it or is otherwise precluded from asserting its ineffectiveness.

(b) An endorsement, instruction, or entitlement order made by a representative is effective even if (1) the representative has failed to comply with a controlling instrument or with the law of the state having jurisdiction of the representative relationship, including a law requiring the representative to obtain court approval of the transaction; or

(2) the representative's action in making the endorsement, instruction, or entitlement order or using the proceeds of the transaction is otherwise a breach of duty.

(c) If a security is registered in the name of or specially endorsed to a person described as a representative, or if a securities account is maintained in the name of a person described as a representative, an endorsement, instruction, or entitlement order made by the person is effective even though the person no longer serves in the described capacity.

(d) Effectiveness of an endorsement, instruction, or entitlement order is determined as of the date the endorsement, instruction, or entitlement order is made, and an endorsement, instruction, or entitlement order does not become ineffective by reason of any later change of circumstances.

(e) In this chapter, “appropriate person” means (1) with respect to an endorsement, the person specified by a security certificate or by an effective special endorsement to be entitled to the security;

(2) with respect to an instruction, the registered owner of an uncertificated security;

(3) with respect to an entitlement order, the entitlement holder;

(4) if the person designated in (1), (2), or (3) of this subsection is deceased, the designated person's successor taking under other law or the designated person's personal representative acting for the estate of the decedent; or

(5) if the person designated in (1), (2), or (3) of this subsection lacks capacity, the designated person's guardian, conservator, or other similar representative who has power under other law to transfer the security or financial asset.

## Nearby sections

- [Alaska Stat. § 45.08.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.101.md)
- [Alaska Stat. § 45.08.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.102.md)
- [Alaska Stat. § 45.08.103 Rules for determining whether certain obligations and interests are securities or financial assets.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.103.md)
- [Alaska Stat. § 45.08.104 Acquisition of security or financial asset or interest in security or financial asset.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.104.md)
- [Alaska Stat. § 45.08.105 Notice of adverse claim.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.105.md)
- [Alaska Stat. § 45.08.106 Control.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.106.md)
- [Alaska Stat. § 45.08.107 Whether endorsement, instruction, or entitlement order is effective.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.107.md)
- [Alaska Stat. § 45.08.108 Warranties in direct holding.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.108.md)
- [Alaska Stat. § 45.08.109 Warranties in indirect holding.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.109.md)
- [Alaska Stat. § 45.08.110 Applicability; choice of law.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.110.md)
- [Alaska Stat. § 45.08.111 Clearing corporation rules.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.111.md)
- [Alaska Stat. § 45.08.112 Creditor's legal process.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.112.md)
- [Alaska Stat. § 45.08.113 Statute of frauds inapplicable.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.113.md)
- [Alaska Stat. § 45.08.114 Evidentiary rules concerning certificated securities.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.08_S45.08.107. Check the current official text before relying on it. Not legal advice.