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Code · Alaska · Title 44 · Chapter 81

Sec. 44.81.101. Pledge of the state.

129 words·~1 min read·/ak/title-44/chapter-81/44-81-101

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Sec. 44.81.101. Pledge of the state.
(a)The state pledges to and agrees with any lender to the bank that the state will not limit or alter the rights and powers given to the bank by this chapter to fulfill the terms of a contract made by the bank with the lender to the bank, or in any way impair the rights and remedies of the lender to the bank. The bank is authorized to include this pledge and agreement of the state in a contract with any lender to the bank.
(b)The pledge of the state is limited to the express provisions of
(a)of this section and is not a guarantee, surety, promise, undertaking, or assurance of repayment or performance of any obligation of the bank.
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