Alaska Statutes (Last Updated: January 11, 2017) |
Title 42. PUBLIC UTILITIES AND CARRIERS AND ENERGY PROGRAMS. |
Chapter 42.40. ALASKA RAILROAD CORPORATION. |
Article 42.40.06. FINANCIAL PROVISIONS. |
Section 42.40.500. Limitation of liability.
Latest version.
-
A liability incurred by the corporation shall be satisfied exclusively from the assets or revenue of the corporation and no creditor or other person has a right of action against the state because of a debt, obligation, or liability of the corporation.
Notes
History
(Sec. 2 ch 153 SLA 1984)