Sec. 44.88.710. Effect of guarantee.

AK Stat § 44.88.710 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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.