Alaska Statutes 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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Last modified: November 15, 2016