Section 44.88.710. Effect of guarantee.

Latest version.

   (a) A guarantee under AS 44.88.700 - 44.88.799 does not create a debt or liability of the state.
   (b) A guarantee under AS 44.88.700(a)(1) may not be terminated, cancelled, or revoked except under its terms. A guarantee held by a participating financial institution is presumed to be valid.

Notes

Implemented As

3 AAC 102.010

History

(Sec. 2 ch 61 SLA 2012)

                    
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