Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.45. ALASKA CREDIT UNION ACT. |
Section 06.45.310. Transfer of credit union's property to preferred creditor is void.
Latest version.
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The transfer of property, money, or assets by a credit union after it becomes insolvent, to prefer one creditor over another, or to prevent the equal distribution of its property and assets among its creditors is void.
Notes
History
(Sec. 2 ch 47 SLA 1980)