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Code · Alaska · Title 34 · Chapter 80

Sec. 34.80.010. Characterization of escrow money.

66 words·~1 min read·/ak/title-34/chapter-80/34-80-010

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Sec. 34.80.010. Characterization of escrow money.
The money that is received by a settlement agent for an escrow transaction is not the property of the settlement agent and is not subject to execution, attachment, or other form of collection for a claim against the settlement agent. Escrow money may not be used for a purpose other than to fulfill the terms of the escrow transaction agreement.
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