In conjunction with the exercise of a power authorized by AS 18.55.100 - 18.55.290, the real property of the corporation is exempt from levy and sale by execution. Execution or other judicial process may not issue against it and judgment against the corporation may not be a charge or lien upon its real property. However, this section does not limit the right of an obligee to foreclose or otherwise enforce a mortgage of the corporation or to pursue any remedy for the enforcement of a pledge or lien given by the corporation under AS 18.55.100 - 18.55.290 on its rents, fees, or revenues.
Section: Previous 18.55.180 18.55.185 18.55.187 18.55.190 18.55.200 18.55.210 18.55.220 18.55.230 18.55.240 18.55.250 18.55.255 18.55.260 18.55.270 18.55.280 18.55.288 NextLast modified: November 15, 2016