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Code · Alaska · Title 44 · Chapter 88

Sec. 44.88.710. Effect of guarantee.

54 words·~1 min read·/ak/title-44/chapter-88/44-88-710

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Sec. 44.88.710. Effect of guarantee.
(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.
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