Section 45.45.050. Recovery by assignee of usurious contract of amount paid.

Latest version.

AS 45.45.010 - 45.45.070 do not prevent the bona fide assignee of a usurious contract from recovering against the immediate assignor, or the original usurer, the full amount paid by the assignee for the contract if the assignee did not have notice of the usury affecting the contract.

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(Sec. 25-1-5 ACLA 1949)

                    
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