Unless the context requires otherwise, in this chapter and for the purposes of AS 08.18,

1. (1) "commissioner" means the commissioner of commerce, community, and economic development;
2. (2) "department" means the Department of Commerce, Community, and Economic Development;
3. (3) "negotiable security" means a written security that may be transferred by endorsement and delivery or by delivery only, so as to vest in the transferee the right to demand payment of the full value stated on the face of the security; "negotiable security" include time certificates of deposit, bonds issued by government agencies, and other similar instruments.

(Eff. 3/25/2004, Register 169)