# Alaska Stat. § 45.29.104: Control of deposit account

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.104

## Section

- **Citation:** Alaska Stat. § 45.29.104
- **Heading:** Control of deposit account
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 45 / Chapter 45.29 / Section 45.29.104

## Text

(a) A secured party has control of a deposit account if (1) the secured party is the bank with which the deposit account is maintained;

(2) the debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor; or

(3) the secured party becomes the bank's customer with respect to the deposit account.

(b) A secured party that has satisfied (a) of this section has control even if the debtor retains the right to direct the disposition of funds from the deposit account.

## Nearby sections

- [Alaska Stat. § 45.29.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.101.md)
- [Alaska Stat. § 45.29.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.102.md)
- [Alaska Stat. § 45.29.103 Purchase money security interest; application of payments; burden of establishing.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.103.md)
- [Alaska Stat. § 45.29.104 Control of deposit account.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.104.md)
- [Alaska Stat. § 45.29.105 Control of electronic chattel paper.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.105.md)
- [Alaska Stat. § 45.29.106 Control of investment property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.106.md)
- [Alaska Stat. § 45.29.107 Control of letter-of-credit right.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.107.md)
- [Alaska Stat. § 45.29.108 Sufficiency of description.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.108.md)
- [Alaska Stat. § 45.29.109 Scope.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.109.md)
- [Alaska Stat. § 45.29.110 Security interests arising under AS 45.02 or AS 45.12.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.110.md)
- [Alaska Stat. § 45.29.201 General effectiveness of security agreement.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.201.md)
- [Alaska Stat. § 45.29.202 Title to collateral immaterial.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.202.md)
- [Alaska Stat. § 45.29.203 Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.203.md)
- [Alaska Stat. § 45.29.204 After-acquired property; future advances.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.204.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.104. Check the current official text before relying on it. Not legal advice.