Alaska Statutes 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.

Section: 34.80.010  34.80.020  34.80.030  34.80.040  34.80.050  34.80.090  34.80.095    Next

Last modified: November 15, 2016