Section 08.88.490. Right to subrogation.

Latest version.

When the commission has paid to a claimant from the real estate recovery fund the sum awarded by the commission, the commission shall be subrogated to all of the rights of the claimant to the amount paid, and the claimant shall assign all right, title, and interest in that portion of the claim to the commission. Money collected by the commission on the claim shall be deposited to the real estate recovery fund.

Authorities

8.88.472

Notes

References

AS 8.88.472 .472">Sec. 08.88.472. Fund operations; charges against fund.

History

(Sec. 1 ch 143 SLA 1980; am Sec. 39 ch 167 SLA 1980; am Sec. 46 ch 45 SLA 1998; am Sec. 21 ch 113 SLA 2008)

                    
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