Alaska Statutes (Last Updated: January 11, 2017) |
Title 06. BANKS AND FINANCIAL INSTITUTIONS. |
Chapter 06.65. ALASKA SAVINGS PROGRAM FOR ELIGIBLE INDIVIDUALS [EFFECTIVE NOVEMBER 4, 2016]. |
Section 06.65.250. Use as security.
Latest version.
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A person may not use a program account or an interest in a program account as security for a loan. If a person pledges a program account or an interest in a program account as security for a loan, the pledge is void.
Notes
History
(Sec. 2 ch 56 SLA 2016)