Alaska Statutes
Alaska Stat. § 45.01.113 (2026)
Construction of code to promote its purposes and policies; applicability of supplemental principles of law
✓ current as of July 2026
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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 jurisdictions.
(b) Unless displaced by the particular provisions of the code, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause, supplement the code's provisions.
(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 jurisdictions.
(b) Unless displaced by the particular provisions of the code, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause, supplement the code's provisions.
Notes of Decisions
Cited in 2
cases, 2017–2017 · leading case: Daggett v. Feeney, 397 P.3d 297 (Alaska 2017).
Daggett v. Feeney, 397 P.3d 297 (Alaska 2017). “See AS 45.01.113(b) (providing that relevant provisions of Alaska law supplement the UCC "[u]nless displaced by the particular provisions of the code”), 40 .”
Daggett v. Feeney (Alaska 2017). “39 See AS 45.01.113(b) (providing that relevant provisions of Alaska law supplement the UCC “[u]nless displaced by the particular provisions of the code”).”
— Alaska Stat. § 45.01.113(b) — 2 cases
Daggett v. Feeney, 397 P.3d 297 (Alaska 2017). “See AS 45.01.113(b) (providing that relevant provisions of Alaska law supplement the UCC "[u]nless displaced by the particular provisions of the code”), 40 .”
Daggett v. Feeney (Alaska 2017). “39 See AS 45.01.113(b) (providing that relevant provisions of Alaska law supplement the UCC “[u]nless displaced by the particular provisions of the code”).”
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